Case:1 - If CMP hits the level of 11170, then uptrend starts, buy and put the target level of 11300 to 11400
Case:2 - If CMP hits the level of 11170, then downtrend starts, sell and put the target level of 11025 to 10777
One to put on a watchlist for now is Vocus as it appears to be breaking out of a massive wedge pattern, for me there are two important levels to watch to confirm the strength and validity of a new potential long term trend - the 3.80 level, a breakout and retest of this level would be a long entry for me, taking half profit at 4.90 and let the rest run. If you...
As TD continues if it bounces off the green line I will assume a short play if it continues passed the green line I will go long.
I am bear biased on the market. Its more likely that it will continue higher 55% and 45% it will go lower. Stocks usually go up :P
This is a journal entry. Not trading advice.
BTCUSDT creates wedge inside huge triangle, be careful.
I'm neutral at the moment
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Supply & Demand zone and major trend, micro trend, patterns
Come and tell me what you see in this chart.
What is interesting to you here?
And what do you think about the price movement in the coming weeks?
Thanks for your Comment and Like
When we look at the chart we can see that the wedge has been broken for the second time. We can see that the first breakout of the wedge was a fake-out so the chance is very good that this is the real breakout of the wedge. We are a little late because it already went down. I had a setup for this one earlier that was closed in profit and reversed signal that was...
******************************************************************************************************************************************************************************
Decisions to buy, sell, hold or trade in securities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or...
Hello Traders,
Welcome to my analysis of CADJPY.
Here I've highlighted in the chart a rising wedge in the middle of a downtrend shown with higher lows and lower highs.
I'm waiting for this pair to continue to the last bullish rally and then show signs of reversal around the 77.000 area.
After signs of reversal and confirmation is shown I will be looking to...
A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines.
A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line.
Each of these lines must have been touched at...
An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines.
An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line.
Each of these lines must have been touched at...
Bear wedge continues.
Clorox is not the only company making Handiwipes. There is always Walmart
Advance stuck at 0.382 retracement.
Expecting breakdown to take it way down to fill gap 35-40 points lower
Am buying Sept or later puts around 175
