The setup here is very clear to me.. We're running out of fuel and the PRO SINEWAVE will soon plot the EXIT cycle that will terminate this bullish breakout pattern...
Once terminated the market will switch back to range / retracement mode. After such a rally (+30% with no breathing of more than 3%) we can easily expect the prices to retrace at least to 23,6%.
Eventually 38.2% if things deteriorate a bit more (Euro/China posing sanctions agains the tax plan for exemple).
BUT anyway the trend REMAINS BULLISH and after the corrective structure will be plotted on charts, it will be time to buy again for a final weekly impulse before reaching the end of the monthly cycle (and basically the long term economic cycle).
Long term bullish, but now we could switch to weekly neutral/bear retracement mode. So there's no more room for buying here ! It's time to short, but with a plan and with caution as we're still on the very early stage.
It's only time to be prepared. Start acting for those who are agressive, placing alerts under supports for low risk profiles..
Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Once terminated the market will switch back to range / retracement mode. After such a rally (+30% with no breathing of more than 3%) we can easily expect the prices to retrace at least to 23,6%.
Eventually 38.2% if things deteriorate a bit more (Euro/China posing sanctions agains the tax plan for exemple).
BUT anyway the trend REMAINS BULLISH and after the corrective structure will be plotted on charts, it will be time to buy again for a final weekly impulse before reaching the end of the monthly cycle (and basically the long term economic cycle).
Long term bullish, but now we could switch to weekly neutral/bear retracement mode. So there's no more room for buying here ! It's time to short, but with a plan and with caution as we're still on the very early stage.
It's only time to be prepared. Start acting for those who are agressive, placing alerts under supports for low risk profiles..
Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Trade active
Finally we got that signal plotted ! It switched to a TP signal instead of the expected EXIT... but still that's the signal we were desperately waiting for to short with confidence.. We can see that Momentum is confirming as well which makes these combined signals a LOW RISK TRADING SIGNAL... Always remember... trading a single indicator worth sh***. Simply because there's no holy grail indicator without weaknesses in this world ! But combining two uncorellated indicators can help you narrowing the risks to the minimum. Without ever giving you 100% winning trades...
To learn more about the PRO Strategy and request a trial for the indicators:
Website : pro-indicators.com
Discord : discord.gg/Agdf5rt
Website : pro-indicators.com
Discord : discord.gg/Agdf5rt
Disclaimer
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.
To learn more about the PRO Strategy and request a trial for the indicators:
Website : pro-indicators.com
Discord : discord.gg/Agdf5rt
Website : pro-indicators.com
Discord : discord.gg/Agdf5rt
Disclaimer
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.