1. Waiting for confirmation of breakthrough to the down side as currently market respected at the SR Flip or Significant Support Resistance level. 2. After (1) is formed, we then wait for confirmation on the H4 Order block once we see rejection. 3. Target to next OB at the downside.
SSR broke out of its downtrend in April 2021 and made a high of $24. 40 , in the beginning of June. Since then it has been pulling back and currently at its 61.8% Fibonacci retracement zone. Price Action at the current zone shows that it has found support and any bullish price action will be an encouraging sign to get long. My target will be $23.15, the next...
My another humble analysis. I’m waiting if the price going to make a correction with previous support and resistance, then it’s a good entry spot for bull position. Please don’t take this as a signal.
All details are on the chart Price might continue going higher or reverse
1.SSR 2.FLAG Expecting price to break the trend line. #TRADE_WHAT_YOU_SEE
$CL1 completed a 3-drive formation which coincides with a SSR support and 61.8% retracement of the Dec'18 to Apr'19 up leg. Focus is shifting from demand issues to potential supply issues with Iranian crisis and potential for Russia to break with OPEC. Mother Russia will not break with the House of Saud as the relationship is beneficial to Russia in both...
It is not just the $Dax, the 2-yr T bond futures also not feeling the Pow Wow love with a 3-drive completion and a bunch of SSR suggesting an impending trend change.
$TYA hits an ABCD price objective in spectacular fashion as Trump enlarges the trade war to include Mexico. Not sure what would cause a sell-off in bonds, but the fact the $TYA hit the ABCD target in such an explosive manner as we head into the last trading day of the month and new SSRs being set, makes me do a double and want to take money off the table. ...