***After posting the chart, for some reason I don't know, probably a technical error, the hammer became a piercing line pattern. So no hammer, but piercing line*** First of all, I need to say that the trade has no confirmation yet, but it's starting to look bullish. As you can see, CME rallied to 85$ and formed a double top. Target was at 72$, and respected it,...
I am going to set this chart on neutral because I don't see the buying signal yet, and all the global markets are down this week. I am allready long this stock, I'm currently sitting on a loss, waiting for the market to turn, with a stop under the daily support and the last swing low. Now let's have a look at the chart. The most obvious point of this chart is the...
I still see a bullish formation here. Looking for a kiss to the 50MA and a decent bounce & Breakout of Triangle
Market is gaining strength. Govt crisis will end. Fed printing money. CME looks ready to break out above 75.40.
Heavy Selling Volume like short if loses 70.28 - Note break of support there.
Like long at TL support. But thats pretty far down.
Below 70.85 looking for acceleration to downside. Watch behaviour at green line.
Low risk entry for a bounce play against support.