TeamStags

TeamStags Jul 16, 2021

We've seen a recovery to the 'new' trend line at the top of the new lower low? Also note the possible reversal at the head and shoulders. We pushed back up the the neck line and now on a second up before the short. grabbed my entry at 110.280 short. I set stop to 110.490 I think it will descend to 109.67 as the next lower low so we'll pull our profit...

TeamStags Jul 16, 2021

Double top forming? Recent uptrend has hit highs and appears to be resisting along the 1.26036 level. Back into the 21st of April, we see the resistance level at the same right before the big drop. Looking currently at a bull doji doesn't inspire a ton of confidence, however I believe we've hit a high that will pullback @ resistance of 1.25482 before...

TeamStags Jul 16, 2021

Hi folks, New trader here (less than 6 months) trying to build some reputation so I can join these public chats to share ideas. I thank all of you for your 'on the fly' ideas and helping to educate me. Onto my thought.. There is not a ton of resistance on the daily between the consolidation happening now and the next price move. The descending trend indicated...

TeamStags Jul 14, 2021

When we look at the trend lines I find it interesting that the pattern is largely intact during this latest down. Crossing over the 50 EMA is common as it hunts for the tops and bottoms of the trend. Looks like we've fallen into a bit of a major point of support/resistance and the market isn't sure where to go. I am gonna wait and try to get an entry at 50EMA...