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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
Hi,
Strong support area 9.500 - 10.500.
Technical criteria:
1) Rejection from the trendline
2) Rejection from the Fibonacci retracement 62%
3) The round number 10.000
4) 50% drop from the recent high acting as a support
5) Historically really strong horizontal area acting currently as a support
6) Monthly EMA 100
7) Monthly EMA 200
Regards,
Vaido
Nice pull back on monthly support with confluence on SMA 20 & 200
Only hurdle is the W1 SMA 50 which is a bit steep so it may take 1-2 weeks to unleash the beast.
Target 165
A negative divergence has been building. Prices keep making higher highs, but accompanied by weaker technicals. I think this uptrend is tired and we could be headed to test the 200-day SMA.
