Adani enterprises in Neutral modeThis stock in neutral mode - means neither good for selller or buyer
Advice --
For quity trader --
please trader according to my red Trendline price and sell above Trendline
-- stopp loss is mandatory if Trendline broken
For option trader -- seems market can go up 200-300 points to touch upper red Trendline
For more chart analysis comments me in this post.
Neutral-area
ADA/BTC indefinition momentHello Traders,
ADA/BTC seens to made a Bull Trap on important Resistance level, and the price is already bellow the Resistance, now we have two options for trading this asset, one of them is SHORT position if the price breaks this minimum acumulation to test this important support level, or breaks this resistance and acumulate above this level so we enter at the breakout of the 700 sats region, the long postion can take a time to happen, so we must be pacience, but trading safe is our mission.
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Best regard Sandro and Gustavo.
EURUSD range-in-range effectGood morning,
today i checked out the four-hour-chart and saw that range-in-range effect which we can see many time while the market is running sideways. This effect always has a big range, a small range in between that big range and a neutral area. Those three levels are mostly decisive for the next movement.
What does it mean in this case?
The market is currently in that neutral area. At this level i am not doing any trades since it is completely open whether it goes long or short. Thats why i am just spectating the market and wait for the moment when the market is leaving this area. If it leaves the area long i will focus at long trades only if it leaves short i will focus on short trades only of course.
Whats the sense of it?
The neutral area is mostly in the middle of the big and the small range. We know that we have a Ping-Pong-Game inside a range. So if the market is leaving this neutral area long/short it will mostly test the upper or lower range line.
For example : if the market leaves the neutral area to the long side I could plan long trades with a target the range line from the small range.
The small range lines will decide if the market entries the upper range or the lower range area. Thats why you can see that small range also as a "neutral area" regarding the big range if you only want to focus on trade with big range targets.
Summary : i will wait for a break out of the neutral area to find possible long/short entries.