it broke the uptrend and now has made a significant rejection on the same trendline, reversal starts there by creating a lower high LH
i put a buy stop order at the E.P ( entry point knowing fully well it will have a break out at either the top or the bottom, the top was first option due to the rsi which signified oversold) it has successfully broken it now if it breaks the support of the previous wave which it seems to be doing down that means it will definately break the resistance of the...
it is on an uptrend but has reached the trendline resistance of the channel, expected to drop and do a retrace, sell is short term while buy is long term in this setup.
it just hit an atr level using it as resistance, it will retrace and then break the current resistance. and since it formed a double bottom in the range before the uptrend, the uptrend is confirmed.
the upward movement was supposed to create a range or lower high relative to the previous swing, now it broke the resistance and made a higher so there will be a sell soon which will make a higher low which means a short term sell which we are seeing with the spike but it is retracing back to the resistance turn support level R =S. wait for confirmation because...
it created a higher higher relative to the previous swing, it will probably create a higher low, but the sell order should be a short term. do not sell yet wait for confirmation. its a sell first (retrace) and then a buy do not buy yet it is still in the buy region. PLEASE FOLLOW :)
it has been doing a range for days now a range can either choose to be a distribution or an accumulation it did not reverse at golden levels of fib on the last up movement level so we are on the probability of a distribution. wait to confirm if it will break out fully going down once it does that, that means it has finally decided to be on a downtrend and that...
it is forming a green candle on the level , but wait for a buy order confirmation before jumping into it. it has created a higher high and will probably create a higher low relative to the previous swing. wait for the buy confirmation because right now it is still in a sell region. level = there are horizontals lines or trendlines which can either act a support...
it formed a double top before and broke down the support, now the level line is currently a resistance and has rejected going above it in the previous swing. it is likely to form a double top again on that level, wait for enough confirmation to place your sell order. if it accepts the hypothesis of it being a double top wait till it breaks the support till it...
it is likely to break the red line resistance but we should wait for the retrace first and place the buy order then, it just created a higher low and already creating a higher higher. so it is likely going for an uptrend. wait for the retrace to place a sell order (short term) and then place a buy order ( long term). wait for confirmation for short term sell and...
the uptrend have been confirming the support trendline, today's daily candlestick is showing a red with a wick rejecting a sell at that same trendline. wait till till tomorrow to confirm when a green candlestick will develop. wait till there is enough confirmation for a BUY ORDER.
it created a higher low before but it is likely to create a lower low, and it just broke through the support trendline, wait for confirmation of a buy order and be on the lookout for the probability of it making a lower high that means the buy order might be short term. right now wait for enough confirmation for a buy.