Confluences Price action broke the neckline of the head and shoulders pattern. Awaiting a pullback before the short positions are taken
4 Hour Time Frame: Confluences Head and Shoulders Formation Right Shoulder respected the 38.20% Fib level. Price action broke the inner trend line. Down trend Channel. Currently looking for price action to break and retest the outer trend line. Will be looking for a short entry upon the continuation of trend line. The Conclusion Will Price action break or...
Weekly: Confluences Down trend channel. ABCD fib formation. Evening star formation respected the 95.00 level. Moving average suggesting a crossover to the downside. Price action making lower lows and lower highs. The Conclusion Will price action bounce or break the 200 EMA? Will Price action make a Lower High to the 92.50 level then the 90.00 level?
4 Hour Time Frame: Confluences Price Action (P.A) currently printing Higher Highs (H.H) and Higher Lows (H.L), is now in a uptrend. Uptrend Channel. Counter Trend-line. Inside bar formation highlighted by the yellow rectangle. Price action (P.A) currently printing a bullish pin-bar candle suggesting further bullish momentum. 200 EMA acting as dynamic...
4 Hour Time Frame: Confluences Price Action currently printing Lower Highs (H.L) therefore price is currently in a Downtrend. ABCD Fibonacci formation. Possible head and shoulder pattern which would allow price to go to one of the FIB C retracement level before heading lower (Counter trend line). 200 EMA acting as dynamic resistance. Moving average...
Monthly Time Frame: Confluences Price Action (P.A) currently printing lower lows (L.L) and Lower Highs (L.H), therefore Price Action (P.A) is currently in a downtrend. 3rd bounce of trend-line. Inside bar formation highlighted by the yellow rectangle . Bearish Shooting star candle. Price Action (P.A) currently printing a bearish marubozu...
Weekly Time Frame: Confluences * Bullish pennant formation within a range. * ABCD formation. * 200 EMA acting as dynamic support. * Price Action (P.A) currently printing a bullish marubozu candle. * Price Action (P.A) currently printing Higher Highs (H.H) and Higher Lows (H.L). * Moving averages suggesting bullish momentum.