GonzaloCelestino

GonzaloCelestino Updated 

So I have decided to put this chart as "Neutral" simply because of how wack this idea is. So, I was looking at the 45m and I have been just messing around with the lines and managed to make some form of Scuff diamond bottom? Which is bullish sure, we also... could consider it being a diamond top where it's like one of those continuation patterns and the thing is...

GonzaloCelestino Updated 

What way do you think its gonna go? : Up When? : I couldn't exactly tell you but I have been seeings squeezes everywhere and clearly it looks like we are squeezing again within another big triangular form, that came into existence when we fell down. The 4hr before the fall fired short, and the 4 hour is a respectable timeframe that does give you some time to...

GonzaloCelestino

Just go on the 1 hour time frame on my chart and read what I wrote. Long story short, we have 3 potential scenarios.. 1. We break up now + idea that supports this is Green daily candle, + We literally scraping the top of this which is likely to go up while here, as long as buy pressure stays, 2. Compression is continued due to formation of triangle from angled...

GonzaloCelestino Updated 

So this is basically an update of my first chart. 1. The top white trend line of the triangle never changed but the bottom ones did so.. yeah just know that 2. The green line was the first bottom trend line i drew, that got invalidated but the does not mean, the trend line wont be respected in the future if price action comes in contact with price action and that...

GonzaloCelestino Updated 

I think... that this pennant or triangle that i drew could play out, its just for me there is not enough data that i have that would give me bias that it's going to shoot up or down, id take a look out for TTM squeeze watch formation, RSI divergences and Bullish or Bearish candle stick patterns on the smaller time frames