Omhhh

Omhhh Updated 

Wicked off the high volume candles for support and resistance levels Reviewed the larger cycle on the weekly and daily view to set price targets Look as though we are in Wave 3 of a bull market since the correction following the ATH Will look to add to current position during the Wave 3 Corrections, laddering investment down in Wave 4 Wave 3 can extend further but...

Omhhh

Gold ready to go lower for the deeper correction following the extended first impulse wave.

Omhhh Updated 

Still Long on GOLD. Correction of the new impulse wave, came down to the 50% fib level. Probably looking to come down and test the 50% level again, touching the uptrend line. I will add small position if we break up from the channel before coming down one more time.

02:01

Omhhh Updated 

Fib Counts in! If we continue up due to earnings reports that are being released we will have to reconsider but as far as the FIB LEVELS and the S&P respecting them it is time for the next impulse move down! BYE BYE

03:52

Omhhh

Waiting for the corrective wave to hit its target and we can hit that put button shoutout to @Avaz and the boys there.

Omhhh Updated 

Personal Reference- completely educational and practice 4 hour is showing: Dragonfly Doji Dragonfly doji form when the open, high and close are equal and the low creates a long lower shadow. The resulting candlestick looks like a “T” with a long lower shadow and no upper shadow. Dragonfly doji indicate that sellers dominated trading and drove prices lower during...

Omhhh

Personal Reference Short Entered at .5 Fib level Stochastics Overbought RSI turn down MACD Histogram Weak Signal Forecasting with continued pattern showing the number of days allow for a slight prediction of time going forward. Will adjust as we go along One step at a time- as AVASREADER says. Thank you AVASREADER to bringing this trade to light

Omhhh Updated 

Personal Reference. Expect a small climb or some consolidation to allow for the oscillators to reach close to overbought and/or recoil on the down trend line. Look to short in or above the value zone- reviewing the oscillators. Stop Loss 1.5 ATR Channel

Omhhh Updated 

Personal Reference- I am not a professional trader. Brilliant amount of structure supporting at the moment! Time your entry using smaller time frames. Text Book Divergence, lower price point on chart, higher mark on both MACD (including flip switch to the bull side) and RSI. EMA 28 and 50 about to cross to the positive. If pivot holds, 80% chance of us...

Omhhh Updated 

Personal Reference- I am not a professional trader- Look for the correction down to enter. Hit the pocket and buy big using options, correction of the `1 down to the 2 completed, starting the larger three wave. can take partial profits along way. Larger trade allows for a 2 to 3 year investment.

Omhhh Updated 

Personal Reference

Omhhh Updated 

Personal Reference

Omhhh Updated 

Personal Reference Taken half profits and will continue with short until signs of reversal on the remaining parts.

Omhhh Updated 

Personal Reference Correction time. Bullish Wave completed. Currently Range Bound, but making lower highs and lower lows Oscillators are turning. 50 & 200 EMA have crossed on 4hr

Omhhh

Personal Reference Short at Wave 4. Long at lower boxes.

Omhhh Updated 

Coca Cola has been in an uptrend channel for a number of years now! But i am not sure if i should short this market now or wait for a confirmed break down?! HOW WOULD YOU ALL PLAY THIS? From my little experience in candlestick reading- today's close is an indication that the buyers are running out of strength! HELP :)

Omhhh Updated 

Personal Reference

Omhhh

Let me know your thoughts on this descending triangle following an impulse wave up. Do you think it will push higher or are we looking for a deeper correction?