EnnisFinancialTrading

EnnisFinancialTrading

- Ending Diagonal Pattern - US30 to hit new all time highs before major correction - If Wave 2 is breached, pattern is invalidated and an indication we are already in a downtrend

EnnisFinancialTrading Updated 

Confluences to Enter: 1. Falling Wedge Breakout + Retest of Breakout level 2. Multiple Support Zone Bounces 3. Spike down to take out early buyers 4. Doji’s on Support Zone indicating loss of momentum in the downtrend May be a long term bottom for Cardano

EnnisFinancialTrading Updated 

US30 is in a clear up trend on the daily and looks to be showing signs of a reversal on the 4hr. The swing high at 35100 appears to obvious to place a SL to get in on the reversal. I think we will have one more pump to take out sell orders at the swing high and also draw buyers into thinking the uptrend is continuing by briefly breaking the counter-trend line...

EnnisFinancialTrading

Confluences to Enter: - Wave 1 impulse - Wave 2 zig-zag correction - Volume decreasing

EnnisFinancialTrading

Confluences to Enter a Buy: 1. Lower Trend Line Bounces 2.Psychological Level Bounce 3. Impulse Wave off Psychological Level Timeline is approximately 1-2 weeks 3.5 to 1 Risk Reward for TP 1 Timeline is approximately 1-2 weeks 9 to 1 Risk Reward for TP 2 Timeline is approximately 1-2 months

EnnisFinancialTrading Updated 

Confluences to Enter a Sell: 1. Multiple Psychological Level Bounces 2. Valid ABC correction pattern 3. Consolidation Break and Retest 4. Doji's printed along Psychological level indicating indecision + loss of momentum 5. Bearish Candle + Bearish Engulfing coming of Psychological Level Stop Loss Placed on opposite side of Psychological Level Take Profit placed...

EnnisFinancialTrading

Confluences to Enter a Buy: 1. Falling Wedge Pattern 2. Breakout of Falling Wedge Pattern 3. Bullish Candle out of Consolidation & off of Psychological Level 4. Re-test of Wedge Pattern Trend-Line 5. Market Structure Break of 4hr timeline (LH taken out) 6. ABC Corrective Pattern Formation 7. Multiple Psychological Level bounces Entry at 21.554, at the price of...

EnnisFinancialTrading Updated 

Confluences to Enter a Sell: 1. Trend Line Break 2. 1HR Market Structure Break ( HL breached at 24,293) 3. Bearish Candles coming off Psychological levels 4. Multiple Psychological Level Bounces Stop Loss placed on other side of 25,000 psychological level Take Profit placed two psychological levels away between fibonacci "golden zone" 3 to 1 Risk Reward...

EnnisFinancialTrading Updated 

Confluences to Enter a Sell: 1. Multiple psychological level (.7000) bounces 2. Impulse Wave coming off Invalidation area 3. ABC correction formed 4. Bearish Engulfing Candle 5. Major Consolidation Break and Retested 6. Minor Consolidation Break and Retested twice 7. Market Structure Break on 1hr timeframe (Two higher lows taken out) 8. Market Structure Break...

EnnisFinancialTrading Updated 

Confluences to Enter a Buy 1. Multiple psychological level bounces (5) 2. Doji's on psychological level indicating indecision loss of momentum 3. Falling wedge breakout This setup looks too obvious to enter right now. I think we will get a price spike to take out 1 or 2 Lower Highs (21,800 & 21,900) and then a drop in price to take out Stop Losses setup up at...