Looking at uptrend failing, or braking out to higher levels.
On buys=looking at moves from support to Green gap on top, possibly even Day High Brake at 91
On sells=looking for uptrend failure, targeting day and week Green Gaps on bottom
Weekly either fills gap and moves further up
Or takes top, looks to fill bottom
On buys=looking at moves from support to Green gap on top, possibly even Day High Brake at 91
On sells=looking for uptrend failure, targeting day and week Green Gaps on bottom
Weekly either fills gap and moves further up
Or takes top, looks to fill bottom
Trade active
uptrend yellow line did not brake, new 15m open is bellow! Now waiting on 1h open, might keep running higherTrade closed: target reached
sell trend starting on broken Red Trend Line! best entry was 88.5/.4 or simple 1h open.. STOP ABOVE yellow trend line, 88.6 First target near buy support 1.. IF DOWNTREND YELLOW LINE IS BROKEN(CANDLE OPENS BELOW IT)==DEEPER SELLNote
Waiting on 87,86 to brake via new open below.. Whilst not happening, probably ranging, possibly goes higher on new day candle open and higher high wick gets made before we go lower, but initial sell trend is broken, waiting on reaction from thatNote
buy supports broken..87.5 would be good sell entry on the fact that the yellow down trend line got broken.. tp at 86.1 was not reached, but close..Now back at BUY/SELL FIGHT line.. watching tomorrow for some kind of brakes on day high/low
Note
today, we basicly returned to buy/sell fight.. entry i landed was on 87,9 and TP HIT at 86,1-now wait and watch how dayle ends.. if we reject strong, look for some kind of sell trend brake to push back up to 91 on the weekly TF. If we close lower then MONDAY OPEN, looks like we might keep selling for the weekNote
Big retraice.. didint go to buy sell fight.. now, if goes through the old(red) buy supports, should contineu and possibly land near the downtrend yellow lineNote
Week is over, buy support was the resting point relative equal lows on Wednesday and Thursday, went right for the unfilled day gap.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.