based on technical analysis.. on the weekly time frame, we can see that the price has not met the ema50 for a long time.. so I think the price will rise to meet and touch the ema50 weekly time frame
as we can see... price need to go up to touch ema50
we have seen a sign of price increase i.e. the price is making QM PATTERN. If the price wants to continue rising, the price will not fall lower than the LATEST lower low (LL). If the price drops lower than the LATEST lower low, we will stop loss. The TP target is based on a larger TF. I use EMA50 TF Daily as a target. However, I did not place the TP target...
we have seen a sign of price increase i.e. the price is making higher high (HH). If the price wants to continue rising, the price will not fall lower than the lower low (LL). If the price drops lower than the lower low, we will stop loss. The TP target is based on a larger TF. I use EMA50 TF Daily as a target. However, I did not place the TP target exactly at the...
price always make correction to ema50 and also will come back to trend line... just take the oppurtunity to take a scalping trade there
Breakout DONE.. Retest in progress.. can entry Long position..
there are several possibilities, first the price will continue to rise upwards to touch the EMA50. The second possibility, the price will go down slightly but not reach the nearest support and continue to rise up touching the EMA50. The third possibility, the price will go down and make a double bottom and then rise to touch the EMA50. the last possibility is that...
history has proven that the price will still touch the Moving Average .. SO, maybe this is the time for the price to meet the MA again .. either the price will continue to go down touching the MA, or the price will make a higher high first, then only down to touch the EMA50
just sharing the way I use trendlines. can be seen in the picture, I have drawn 4 trendlines (green, blue, red and black). the green trendline is broken (see green highlighted box). The other trend has not yet broken. For more confidence you can wait until this trendline breakout, to start buying. In my opinion, the price will make SL hunter, which is to activate...
Retest in progress.. hope price cant make new lower low.. if price make new lower low, just cut loss and wait for new breakout at new valid trendline. if SL has triggered, it means that the trendline that has been in the breakout is no longer valid.
never fomo..always wait for retracement to enter buy...
the price is about to go up to meet and touch her lover EMA50 .. but the price is too heavy with many buyers .. so, it is possible that the price will hunt for SL buyers..before going up to meet her lover ...
Before buying in a declining market, it is better to wait for the early signs that the market will start to rise. Some of the early signs we can use are: 1. The occurrence of a line breakout trend 2. The occurrence of a breakout in the resistance (nearest) After the breakout of the price going up, do not fomo, we should wait for the price to fall again (retest)...
the probability is there.. quasimodo pattern is there... wait at RBS
price will meet again touching her lover.... history has proven that the price will still touch the Moving Average .. SO, maybe this is the time for the price to meet the MA again .. either the price will continue to rise touching the MA, or the price will make a lower low first, then only rise to touch the EMA50
Moving Average is like a lover who always follows the price. The price may try to run away from the MA, but when the time comes, surely the price will meet again to touch the MA. No matter how far the price tries to stay away from the MA, the MA will remain loyal to ... and eventually the price will keep coming back to touch the MA.
bearish trendline already broken... now retest in progress..
Price always return back to touch EMA50.. as we can see..it is for a long time the price did not return to touch the EMA50. It’s time for the price to go up to touch the EMA50.. DOWN TREND NEED RETRACEMENT