as you can see there is a potential trend reversal!
For my confirmation< it shows its respecting the trend line, as well as having a double bottom!
I will be waiting for it to break the Strong resistance level and a retest before entering!
on the daily TM its currently in a downtrend.
it is forming a wedge, for a potential big short move!
respecting the trend line, as its currently approaching, its showing signs of exhaustion on the upside.
just waiting for bigger conformations, such as being below the ema and both vol indicators agree to go short.
High chance of going short, two outcomes have been predicted.
which path do you think it will follow?
Daily timeframe in a down trend
recently hit a fib level and showing signs of exhaustion in that key area.
TP is based of a very strong support.
waiting for the zero line to be crossed
IM OPEN FOR ALL OPINIONS
as shown there is a strong trend to the downside, expecting a continuation.
SL: just above most recent resistance.
TP: supported by the fib and a fairly recent support.
just waiting for the confirmation of my indicators to go short.
what do you guys think.
This chart as shown is currently in a down trend.
I think the down trend will become exhausted as it approaches the golden support (also supported by the Fibonacci retracement) and bounce back up towards the upside.
TP1: is a recent S/R line
TP2: is the High of the previous bullish trend.
Please let me know if you think something else, cheers
On the daily chart it is shown to be a downtrend.
As I enter the 4H, it shows its respecting the 20 ema.
SL is above an area of recent resistance.
TP is in the golden area of support.
if I was to enter a short. would I wait till it gets near to the 20 ema?