Seems that is time for this pair make some reversal. We are geting some strong rejection at this important supply zone
This is one of the most perfect price action 💯🔥🔥 We can see here a clear end of down trend. - The price broke the trend line and didnt make the next lower low, but start making lower high (clear on support rectangle affter trend) - What is the most perfect formation for change of trend ? Head and Shoulders! We have a very nice inverse head and shoulders. Now...
The price is ready for reverse. Now affter this new candle confirmation we can have a good sell oportunity
SUGAR creates an inverse Head and shoulder on historical support. As we know Inverse Head and shoulder is a common reversal sign after a long bearish environment. We will wait a breakout on neckline and retest it with a nice volume and according with Plancton's signal we will set a nice long order ––––– Here is the Plancton0618 technical analysis, please comment...
Hi traders, Welcome to a week sup-up together with Friday RECAP. As I explained in Thursday video it's sometimes hard to judge whether you should hold onto the trade and it really comes down to your backtesting and psychological comfort. I am, however, pretty happy about the reverse I did in SPWR because I've been studying this behavior for the last couple of...
Hi traders, Being bullish in UAL the very next day the world got to know Warren Buffet's failed investment seems like a crazy idea. But being a technical trader, I saw an opportunity and it paid off! My trade: 1) UAL - LONG @24.52, SL 24.22, after dropping for the third consecutive day and showing a beautiful Cup and Handle formation, this was a clear long play....
Hi traders, The other day I posted a reverse entry which happened to be a loser as well, but I told you it typically pays off. On Friday I got to prove it when WDC didn't react the way I planned and that got me thinking if the other direction wasn't a better idea... and it was! The Trades: 1) WDC - SHORT @38.73 - terrible fill at the break of 39, in hindsight I...
If my projection regarding S&P 500 is right , I think that BTC will stuck to this SCRIPT.
it is update of my old forecast which turns out right.
Yo Traders! Gold might fall down! Look to sell after a breakout it's made. Please check a candlestickpattern like a bearish engulfing or a shooting star, after the confirmation you can enter in the transaction. You can see that the volume of buyers dropped wich means a big return might come. Be very careful! If you support this ideea, feel free to comment below...
reverse the chart and see the familiar thing forming....
Hi traders, Another recap of today's ID session. Great mover AMD which I was planning to go Long in failed and instead offered a great Short opportunity. Key takeaways from the video: 1) Always be ready to be wrong in your expectations and profit from the other direction. 2) Watch for relative strength/weakness compared to the overall market! 3) Wait for the...
price gained momentum into the third highs of a rejection of a key trendline, with candlestick spiking and attempting to accumulate more sellers around that high of 2.0370-2.0420. We have daily projections of targets where price could reach 2.0200 and lower, giving current market situations, markets are very volatile. therefore an SL of around 2.0430 is durable,...
possibility if we can move above MA and find support lets see what happens, i think the longs are low enough what do you guys think
Now we consider that GOLD will reverse when reach for its second target 1751 according to gold-ratio analyse or it is also possible that gold have already reversed since first target 1525 was been achieved.
Nice bounce off the daily downward trendline, along with our hourly resistance trend. Starting to see some correction/consolidation. Can also see how we are seeing oversold on the RSI for the last confirmation. Or Could see a breakout of the daily trendline, which we could see huge 2020 potential, but my main watch is to see a short-term sell before this happens.