Lorjan500

Lorjan500

Very strong strong support with 4 previous rejections was broken. Market was comfortable standing on top of that support for sometimes and it's finally broken through. There was a retest in an attempt to come back up, but it was rejected. Waited for my time filter. Bearish pattern formed on the resistance. My SL well above the resistance. My TP at the trough.

Lorjan500

I expect a Downtrend reversal to fill the thin volume, aligning with the major trend. There's excess on the Day Before volume, which forms a B-shape. COT: LONG Commercial: 641294 SHORT Commercial: 896707

Lorjan500

If we manage to break through High Volume Area R1, then going through R2 and further will be more feasible, volume-wise. Last 4 trading days, Point Of Control has gone through higher highs, indicating an upside momentum. The DB (Day Before) was closed aggressively lower. However it left a think volume trace behind and POC is higher too. Fundamentally,...

Lorjan500

1. Broken support trendline 2. RSI divergence 3. MACD divergence 4. Fib 61.8 rejection 5. Shooting Star 4H 6. Bearish Engulfing 7. Dark cloud cover

Lorjan500

1. RSI Divergence 2. MACD Sell signal 3. Head & Shoulders 4. OBV divergence 5. Shooting star 6. Bearish Engulfing