RichLoan6k

RichLoan6k

A quick review of US30 in September. US30 had a mini run up before the eventual downfall when Fed Chair "Pain" Powell seemingly abandoned the idea of a "soft" landing and now we will be experiencing some pain in the markets is the only way. The hawkish tone is really shaking up the markets and we should see some more bearish price action in the next couple months...

RichLoan6k

4-Hour Time Frame: Percentage retracement from top to bottom +30% Negative Points: 1. Broke trend line that has been respected for over a month. 2. The retracement was lower than the previous local support of two weeks ago. 3. Broke the 78.6 fibonacci line in the sand level. Then it was used as resistance, rejected but immediately bought back up to get rejected...

RichLoan6k

Hourly Time Frame Horizontal Triangle confirmed. Resistance has become new found support. RSI looking healthy. Above the 12-period EMA. The trend is up.

RichLoan6k

4-Hour Timeframe Indicators: 12-period EMA 30-period SMA MACD RSI 1. EMA crossing above SMA = Bullish 2. Broke below the 12-period EMA , but the 30-period SMA has been holding support. 3. The golden pocket 61.8% fibonacci level has shown support, and price can bounce off this level. 4. MACD and RSI had a bullish divergence last week. 5. We are still in an upward...

RichLoan6k

4-Hour Timeframe Indicators: 12-period EMA 30-period SMA MACD RSI 1. EMA crossing above SMA = Bullish 2. Broke below the 12-period EMA , but the 30-period SMA has been holding support. 3. The golden pocket 61.8% fibonacci level has shown support, and price can bounce off this level. 4. MACD and RSI had a bullish divergence last week. 5. We are still in an upward...

RichLoan6k Updated 

6-Hour Timeframe Indicators: 12-period EMA 30-period SMA MACD RSI 1. EMA crossing above SMA = Bullish 2. Currently sitting above the 12-period EMA, retesting this 12-period EMA as support which the price can bounce off of. 3. This price has currently bounced off the golden pocket 61.8% fib level as support 4. MACD and RSI had a bullish divergence last week. 5. We...

RichLoan6k

Indicators used: EMA(12) and SMA(30) crossover Mercury retrograde

RichLoan6k

Timeframe: 1 Hour Below both 50 and 200 day SMA 50 SMA is trending down as resistance RSI is neutral If we continue to get rejected by this trendline and 50 SMA, will we continue to see the price action trend to the downside?

RichLoan6k Updated 

15 Min-Timeframe Managed to enter position at $226 today. Plan to close position at $233, right around 38.2 where we faced resistance today as well as the bottom of the Ichimoku Cloud. 50-day SMA is trending downwards as well so it may be around that general area as well. Market sentiment: Bearish

RichLoan6k Updated 

15 Min-Timeframe Managed to enter position at $226 today. Plan to close position at $233, right around 38.2 where we faced resistance today as well as the bottom of the Ichimoku Cloud . 50-day SMA is trending downwards as well so it may be around that general area as well. Market sentiment: Bearish

RichLoan6k

4-Hour Timeframe $250 level tested on four different occasions and has never closed above. 38.2 fib level, $235, has strong support if there is a dump as we don't spend much time below this level. Ichimoku Cloud has been showing support as well, but can it hold? Still feels like indecision as there is too much selling pressure $250 and returning back to range...

RichLoan6k Updated 

4-Hour Timeframe RSI looking 🐻 Below the 50 SMA Support @$235 Resistance @$240 If we are rejected at resistance and break through support. Can we see a drop back to 50% fib level of $215 levels?