TheSnowballEffect

TheSnowballEffect

Looking for a good entry RR for a run up to next big resistance simple trade

TheSnowballEffect

In my opinion, it will most likely be a Head & Shoulder pattern or RSI divergence where the price will bounce off of the level. Let's wait for a good setup to be forming (maybe 2 to 7 days)... :)

TheSnowballEffect Updated 

Looking to get triggered in for a good entry RR

TheSnowballEffect Updated 

... in convergence with the new trendline forming ... for a good RR entry simple

TheSnowballEffect Updated 

Horizontal level + trendline convergence entry at the bottom of the range good 2.7 RR

TheSnowballEffect

Price just went up and immediately down showing no bias up or down. A new market structure is forming. So we might need to consolidate for the price to be forming new levels from here.

TheSnowballEffect

Finally broke out of the downtrend line which is a wedge in the longer timeframe. Good pattern Huge 8RR trade if I get triggered in.

TheSnowballEffect

This could be a flag consolidating at a longer timeframe resistance level AND/OR or buyers selling their position witch would push the price to test lower level.

TheSnowballEffect

simple setup, converging trendlines and horizontal line that price is respecting

TheSnowballEffect

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TheSnowballEffect Updated 

looks weak

TheSnowballEffect Updated 

Manipulation wick. Banks took the liquidity (stop losses) to then go to the opposite way

TheSnowballEffect

Bullish incline looking tight.

TheSnowballEffect

We are failing to bounce off an obvious horizontal line. Price looks weak on the RSI hovering at the bottom Hammer pattern (I created it) formed putting even more pressure on the support line, which has been tested too many times now (7 times). It's time for a break of that level in my opinion. Good 3.2 RR to next big support on the Weekly timeframe Here is the...

TheSnowballEffect Updated 

:)

TheSnowballEffect

Price just broke with no effort through this resistance now turned support. expecting a continuation to the upside also considering it is in a strong an uptrend. On the 15 min, there is a really good entry setup -> RSI just keeps going up following a clear trendline :

TheSnowballEffect Updated 

The orange line is a weekly resistance! We can see that price has stopped its bull run after reaching this line. There is RSI divergence from the last 2 tops I expect the price to just dump from here, so I put a tight stop. So this is a more risky trade with a bigger RR of 5.2

TheSnowballEffect

Expecting a liquidity grab to grab the stop losses and hit the trendline before continuing down. 5RR