Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart: 1. Price levels are working good here 2. Globally uptrend and locally range 3. the levels confirmed by many false breakouts 4. approached with small bars 5. there is accumulation under the level 6. it is an all-time high 7. enough room for a move 1 to 5.1 risk/reward 8. no news for the last 10...
Hey guys, OLD REPUBLIC INTERNATIONAL is in a bullish push with some past volume return. Looking at the TIMEFRAME M1 we observed a short hammer candle and a fake return of sales volume issued possibility of pull back. There is a great chance of breaking the price with the momentum and then at the same time reaching the following high. See the rise on the next high...
$ORI posted better than expected results, but the PEAD projection kept a neutral outlook for the stock, as price is currently trading just below the median line.
Write sometning about your psyhology thinking before trade? psyhology is ok, I am back from illness in fulliness Describe the trade. What you see? price will go down to the level I set What have I done well for this trade? almost everthing was perfect, enter point and set stop loss and target What can I take away to help with later trades? that you should make...
Positive's of longer time frame charts: 1) Big picture, not smaller noisy picture 2) Cypher pattern 3) Major Support and Resistance areas 4) Easy to see direction, you should be trading (bearish, bullish or sideways) 5) Easy to spot trends From noted chart: 1) 2017 has went up/down $1.00 ($21-$20) 2) Price action is at a major resistance area 3) Bearish trading...
SHOWING SHOULDER-HEAD-SHOULDER AND DOUBLE TOP PATTERNS...
ORI forming a nice bear flag, and now rising within a small upward channel. If it breaks down the channel, it may confirm the flag formation to the down side. We are watching it closely You can check our detailed analysis on ORI in the trading room/ Executive summary link here- www.youtube.com Time Span: 7:30 " Trade Status: Pending
$ORI was traded by the Elite Zone members to the short side, back than in June. It broke a trend line we've been monitoring and created a very nice weekly double top setup. Since than, the stock touched the 38.2 Fib level, bounced from it after the completion of a bullish Gartley and now it is facing a serious resistance zone. If you'll analyze the daily chart...