we clearly are seeing that we are at a double bottom with the current most price action . what we see is the presence of rejection wicks and in this case we are waiting for the price not to be trapped any longer so we find a direction to go.
The market has been trending upwards for quite a while now. Having broken the higher highs of that bull leg to find major resistance zone. from this point we will have to hop on the intraday time frames to look out for possible reversal patterns , secondly to look for possible structure . then finally lower lows and lower highs . that the chance to hop in . ...
HELLO traders , my raw view on this is The price action at this particular point in time gives me the confidence for a reversal , as we can see how it is choppy at a high value point . and its a falling wedge like structure .we are looking forward to a formation of structure, the break of that particular structure for long-term buys .
Hello team , This is a classic pattern of breaking both dynamic and horizontal resistances . The break of the dynamic support zone .clearly shows that there might be a possible change in direction. the break of the horizontal support line , shows that the bears have a significant presence . both of this are okay but we know we don't participate in the push phase...
Observations 1 On the outer structure we can clearly see a descending structure of which the zones are a parallel of the dynamic resistance . secondly we see the presence of a descending channel .about the current dynamic support the presence of this falling wedge is a clear reversal pattern up about a high value area which is our resistance zone . lastly we...
Observation ; from what we see the price is biased on sells on the 4 HR time frame . this is clear as we are biased on our sells Observation 2 ; we clearly can see the price action is reacting on the dynamic resistance zone . this is also a good sign that we are still biased on our sells as we see large amounts of wick around that zone . consequently as a...
potential double top. then we look for selling pressure .
here ill look for 2 things wicks as a sign of rejection from the top side if the current candle won't close above .From there for look for a shorting chance .
we are currently looking at an ascending channel . providing higher highs and higher lows . my sentiment on this move is a bullish market for the start of the week .Although this is only and only proven when the market shifts from bearish market to a bullish market on the lower market time frame for our buys for a probable double top
My clear bias on the smaller time frame is the bull .But this is clearly evident once the price touches our higher low support zone . We will dig dipper for any signs for the momentarily bull move . for a double top if it is broken we are looking for the retest to start the move to load in the shorts . here is the catch though . Once the price retest .
Clearly we can see the market is offering a descending pattern , as guided by the resistance trendline and the support trendline . we can depict the sentiment of lower low and lower highs as offered by the price action . be keen to check my into details (lower time frame 4hrs on my thread )
From the daily time frame we see the price action has reached a resistance trendline , based on the previous 2 touches . what we understand from the previous movements of the market we will be looking for a chance or rather confluences as to why we vouch it to sell based to the lower time frame , in this case the 4 hrs. time frame is best fir , where we will...
this is almost a picture perfect of our primary knowledge of descending structure , LOWER HIGHS AND LOWER LOWS , a beautiful PATTERN - DESCENDING CHANNEL -structure HERE ARE MY MAIN BIASES FOR THE MARKET - SELLING PRESSURE - Here is my catch from this position we are looking for a chance for the market to head here at the previous lower high (resistance zone )...
we are clearly at a ranging market at the inter day trading time frame .What we will be looking for once the market has opened over , is the break of this particular structure and a CRYSTAL CLEAR retest , and we will be looking for a chance to enter the market on either directions (as the market does whatever it wants ) my personal bias is on the sells for the...
From the resistance trend line we observe that we are at a selling ZONE . the evidence of a pattern ASCENDING CHANNEL . considering that its the DAILY time frame . we will look for opportunities to support the anticipation of the SELLING PRESSURE from this position . This will be evident especially on the lower time frame once the market shifts from bearish...
clear definition of an uptrend market , an ascending channel , creating higher highs and higher lows . once we break that at the close of the 4H candle time frame , we look for opportunities to long the market to the next , for a possible triple top.
We are looking at a clear structural double bottom structural pattern-descending channel . a reversal pattern . most support tests , which implies the support is strong . on the lower time frame we will be looking for higher low , for an entry
we are looking at resistance trendline in the outer structure with the anticipation to sell , but at the current moment in time /structure we are raging between a support and resistance . we are anticipating for a break of structure to form a lower low or a higher high , so that we find a trend that we can trade with .