MPLX tries to break a monthly Support but soon bounced up and now has a formed a daily breakout.
Need to see price hold in the buy zone before looking for a long back up $3 or so
I compared each step in videos 1 and 2 which worked to video 3 which did not work. I found that the key came down to the step that you must have symbols sync'd when you start. Here is the sequence that seems to ensure proper function..... I'll continuing proving it during pre-market and after open on Monday. 1) Single Panel 2) Symbol must be sync’d (this is the...
COMPRA EN 23.65 ... VAMOS EN LARGO CONTRATO A 3 MES ...
trading in a long accumulation channel, testing bottom support level - can move up fast
Potential for a long position if it comes down to support.
Market Gaped Down and now formed pinbar on 50EMA. Buying with break of this pinbar. NYSE:MPLX
several factors came together to make this a successful swing trade. I use Stochastics and CCI together to generate buy signals once they both have crossed out of the lower territory. If you would like to see more of this strategy please see my AMD chart I posted back in June rsi helped bias the trade. could not give signals thou becasue it was bouncing....
Teachings come from Eric Muathe's MACD playlist on youtube. I highly recommend. You will note that the most recent buy signal was a good one because the cross occurred outside of the trendline. We know this tends to be a good signal from back testing. Always draw your trend lines when using MACD. Sometimes you will that they are not that helpful. For example I...
$MPLX weekly chart here. Really been breaking down over the past couple of week. Most important areas on the weekly look to simply be the price action S&R levels. Note the MACD resistance line I drew. Still trying to back test that strategy of a MACD resistance line. Maybe the start of a new trading range here. We will see. The orange resistance line may be...