Laplusrada

Laplusrada

To close at 1267 (about 38.2% Retracement) seems promising in a short run, however, when Index faces with a resistance area and also a upper limit of downtrend channel, it shows a sign of weakness by a bearish candlestick. The last two candlestick in Tf day are also a bearish engulfing. But shall it rebound a little bit to widen in downside?

Laplusrada

It reaccumulates in a large area at about 1490-1524. When it tested a lower channel, it punctually went up like there's an invisible spring. (but sure with a little prank of spring off to scare people out of their position) And this's the same when it retested a resistance at about 1524. It failed to break a channel and showed an existence of bear through...

Laplusrada

Bias sell for Tf 1 hr. TP 1449 Then switch to buy for a long run.

Laplusrada

I'm still bullish but the velocity of candlesticks seem decelerate. It hit a TP at 1475 and might want to take some rest. In a long run, the bull's still more dominant. I'd consider buy on any weakness like 1430, 1425. Any comments are welcome.

Laplusrada

Volatility contracted like waiting for a main players to come and play. But still lingers on the upper half of candlestick and outside an upper trendline in Tf1 hr. It shows that traders commit in a higher price. It would be a flag pattern if it can eventually breakout from a channel And target point is so alluring XD Any comments are welcome!

Laplusrada

A failure swing in RSI and bearish divergence in MACD obviously occur in XAUUSD TF 1 H. but the bull still insists that it's his stage. Buy on a weakness at support level and let yourself go with the flow sound more interesting. If it can break a resistance which forms a channel up. It will be a flag pattern and target point looks juicy because it takes a whole...

Laplusrada

Hammer pattern in Tfday on the exact support level(and also EMA200) hints that it will probably be a short-term bottom and bounce back to resistance level at 1692 and test 1700. (which is a tough one since it's a resistance level with a round number) But the island reversal told us that there's a potential change coming on a way. So SET might bounce back to...