3 possible scenarios. Represented by green up shade box and 2 red down shade box. So far path is following my prediction from earlier chart (see previous CL post) - green box trigger if price breaks black resistance - first red shade box triggers if price do not break resistance - second red shade box triggers if double to forms.me which would also end the...
Russell futures ready to drop. - upwedge - overbought RSI - Riding upper bollinger band for a while now This is a pretty simple trade plan. Enter short if price breaks lower end of up wedge . Aggressive entry = on break of wedge Conservative entry on retest of wedge Please hit thumbs up if this idea interesting and please leave comment.
So GC do not know what it wants. Now at neckline. Critical 4hour candle - if price break below 4h neckline on 4h candle close take short position. Aggressive sell on break of neckline or conservative sell on retest. - weakened demand zone (already reacted to prior demand zone) calls for possible lower target= more profit. However I would still take at least...
I’m bullish overall for NQ- see link. But ii take advantage of a little pullback from breakdown of up wedge (though I would like to have seen a bigger candle or higher volume breakdown). Also I always look for confluence for support or resistance and you can this here.
Price has found support at above neckline of head and shoulders (H&S more apparent on lower timeframe but easily seen on rsi). Rsi also find support at neckline. (You can read Rsi same as price action in most cases). Now middle of regression line (dashed black line)is support. Green arrow is proposed path to 1st target and second red arrow proposed path of...
As you can see gold has broken out, and I took a position after 1st 4 hour candle. The break out happened on good volume. This is a very simple set up. It doesn’t get much easier than this! Written with assistance of Grammerly software
I have entered long ar 12733 I will explain more soon but I want to put this up.
I am not sure which way oil will go. Here our both long and short scenario. Take appropriate trade when break of long entry or short entry is broken and confirmed Please give thumbs up if yo like my idea
this is one of probably many possible scenario's for NQ you reach a new all time high. Though it is still far away from even establishing a new up trend, if it does break out to the up side this may be the path. I may be putting the cart before the horse as breaking an established trend takes a lot of energy. Also you can see some bullish divergence forming. I'm...
NQ in particular due for big pullback/correction as tech sector is severely overbought. Reasons for further downtrend - descending wedge which may likely hold price action for quite some time. bottom edge of wedge is lower side of parrallel channel. - descending triangle which is a continuation pattern very often. - weak pivot. - incredible RR ratio. - with trend trade.
My previous gold setup ( see link) is looking valid again - down wedge - support tested several times - 4h bull divergence Enter long on break of wedge for aggressive entry Enter on retest f wedge for conservative entry. Take full or partial profit at supply zone.
You see that price made through big resistance. Now maybe matter of time until target one. Possible big another Drop to next target where no major supports. This be continuation of my previous ES trade. I come very close to stop out several times. But now in good profit. Now I let t run.
Here is a good NQ short setup - upward wedge - good defense with 2 strong resistance areas. One of which is neckline (very strong) - sandwiched between 2 resistance zones is good supply zone. - intersection of up wedge is around the resistances and supply zone - 3 strong downtrend lines in yellow. - this is with trend trade which has higher percent success. -...
I’m still bullish for GC. So far plan is being executed but I be hoping for more true breakout by now. My options are = end trade And no loss, but no potential profit =Stay in trade Risk bigger loss Potential gain Exit and re enter on test of wedge Better RR ratio Risk no entry At this time I stay in trade and watch. Why? So far acting the way I predict....
I don’t know if I am to take this trade but I am thinking about it in my mind. These be reason for possible reversal. - downward wedge - approaching intersection of wedge mean squeeze, mean price soon break - RSI in oversold territory. As price approach intersection of wedge will be even more oversold. - pice target top of parallel channel line. Also target...
You can see obvious that ES long. I plan for hitting top goal and decrease positioning by 1/2 if hit. But watch close at slow hull as this will give some resistant. Exit here if it to seem price get stuck here. My initial thought of long come true. I enter on pullback at top of rectangle.
This is my planning. Below blue rectalangle go short and above we going long. Look at area of supports and resitanse and see it is toss up. I am out of trade until one of this condition met.
My original idea of ES going down to support area again valid. So if price below 4h time frame below yellow line I take entry with good risk and reward. Very much room to fall with out much support and what support there be is already touched. This weakens support (though some argue strengthen it I do not go by this assumption). See my initial idea on this trade.