WEEKLY, BEARISH TREND (LOWER LOWS AND LOWER HIGHS) WITHIN THE TREND WE HAVE A BEARISH CONTINUATION PATTERN WHICH COULD ALSO CONFIRM A HEAD AND SHOULDERS. FIRST SELL WILL BE AT THE BREAK OF THE BEARISH CONTINUATION (ALSO A RETEST OF THE DESCENDING CHANNEL) TO THE GREY SUPPORT. ONCE THE GREY SUPPORT IS BROKEN, I WILL CONSIDER ADDING MORE SHORTS
long term: ascending triangle Short term: price is still held in a triangle formation. a break on the downside seems more attainable. scenario 1: break lower sell after retset of 71.8 into support below look for buy confirmations around the support region scenario 2: break above I would wait for a retest of of triangle long till first target (once achieved...
Waiting for a retest of the highs made in June which would also bring about another bounce on the drawn trendline. If market is able to fall to these highs, my next set of buy orders will be triggered (green box). I will begin closing down on my positions in Amazon however as we enter 2019 and move into 2020, or rather as the SPX approaches the 3000 region which...
I believe that the bull run has not yet started but I also believe that this is the best time to start placing your buy orders and participate in dollar cost averaging as anything is now possible with bitcoin!
Basic cycles on chart along with key support and resistance levels Is the next crash coming sooner than we anticipated?
LEVEL WILL FINALLY BE BROKEN IF A DOVISH REPORT IS RELEASED. WITH ALL THE DOLLAR PRESSURE TODAY, THIS HAS ALSO BEEN THE WEAKEST PAIR AGAINST THE DOLLAR. IF THE PRESSURE CONTINUES (WHICH IS HAPPENING, CHECK EU) AND THE DOVISH REPORT COMES OUT THEN WE WILL MELT MUCH FASTER.
reasons for me adding more shorts: After the great buy trades placed, the bulls finally hit our monthly trendline and started losing momentum which then concluded the bull run and triggered my shorts. Looking at the pair, I have decided to add a few more shorts now because of the following reasons: 1. H4, we have had a squeeze play breakout (sellers funneled...
Market has been creating lower highs and breaking support on the way. We now have one final barrier to break, as the market continues wedging the candles down, before we start the next meltdown.
On the higher time-frames we have touched the support trendline in the possible flag that is forming. This touch signals 2 entries for me. the first entry with a shorter term take profit (market moving up towards the indicated support) and the second entry with an extended take profit (market breaking this support and heading towards the resistance trendline).