UnknownUnicorn11430563
You can see a symmetrical triangle has formed indicating a break out may happen in either direction. Go long with the targets sas shown if it breaks above red resistance Go short with targets as shown if it breaks below red support. This is my plan. Just waiting like a snake hunting prey. Puckbunny ♥️
You can see that ES has broken down from up wedge and I got a really good entry. I love a perfect entry, making you feel good from the start. Exit though is harder. Once entered it is difficult to get exit. You want to hold on as long for possible and get most out of this as you can. Generally the longer you stay in the better (timeframe dependent) but alway...
If price loses the Hull MA after breakdown now of rising wedge then look for a big red candle I have been in this position for last few days waiting for the big move. See previous links 💜 Ms Bunny
Oil shows cup and handle formation. Since cup and handle for Mes from a downtrend this indicates a reversal to the upside. Target should be equal to the depth of the cup. Use the shorter of the 2 sides if not of equal height. Wait for breakout of flag, and may confirm with high volume on breakout. Though my opinion is that high volume for breakouts is...
So I did make okay profit on last NQ drop (see setup below) but not as much as I target for. So now I will try again. Bearish signals as follow: - rising wedge - double top - negative MACD divergence - Resistance and double top at monthly high - bearish confirmation of spinning top candlestick (4h candle that made high of day) If price breaks down out of rising...
This chart hopefully self explanatory. NQ has a way of going more higher just when you think it can’t happen. But I will take this set up 9 out of 10 times always. Just use stop and you will be okay. Happy trading!
I do not see much upside potential for NQ. Most people think we have seen the high though and contrarian views often win out. So be careful! But what is see is down side move. -Rising wedge is likely bearish sign. But be prepared DP to take a position if it breaks out from top of wedge line. I don’t think this will happen though. - negative divergence on MACD...
I am still short gold with my ideal price targets noted with down arrows. You can see that price is retesting the neckline. If this 4h candle close below neckline it is a good case to continue short. If this 4h candle closes above neckline I will likely close my short and look for another entry Price is starting to get squeezed by the Hull MA so volatility is...
You can see how close I was to getting stopped out several time but I make it out. Now in profit zone and will make smaller my position at each level. Idea started as the one in the link before with some change as price developed more. Ms Bunny
Here I think gold is a good sell point. 1. It touched the purple rectangle supply zone 2. It has broken out of the rising wedge (I did not take a position on the wedge breakout) 3. The bottom line of wedge is now resistance Decent profit potential to 1st profit target Good profit potential to next target which is a minor resistance Great profit potential if it...
This is a set up that is easy as it comes. An rising wedge that break down. You can sell here or wait to retest again lower wedge. Very big profit target at demand zone at around 1715 or more carefully at 1721. Sorry for my English. But I am tired of using Grammerly. Good luck trading! Please give thumbs up and follow if you like my ideas! Ms. Bunny
The last several candles have had a small range and we have a dilemma here: several question for discussion. Are we at support or resistance? This horizontal line that we are at is a daily line so it should be quite strong weather support or resistance. And remember S/R is a zone not a one line. Also seen is a ascending triangle and although books say this is...
As noted in my idea about rectangle bottoms is that another way to trade this is to buy at support and sell at bottom to make money. Then when it breaks out you can catch the new trend.Mathis is what I doing. I have made profits by selling and buying the range. Waiting still for breakout trend. Please refer to previous idea in link below
I am long gold at the moment at gold has found support in an up channel. However if thing were to turn around and support becomes resistance and this is validated I will go short. The setup here is quite easy. But easy set ups should not be avoided. People in my opinion can get too complex in their analysis and there is nothing wrong with this. However I think...
Oil is showing a classic rectangle bottom. This is a pattern at the end of a down trend. The criteria are. That one of the horizontal lines needs to be touched 3 times and the other 2 times. This fulfills the criteria. Rectangle bottoms can break out in either direction. Be prepared to take a short or long position on candle close (in this case a 4h...
Gold could be a long or short depending on this 4 hour candle close. The triggers for a long and short are shown. My bias is short because, 1. Resistance needs to be broken and resistance happens to be the often strong 786 fib line 2. Upward wedge often means down move. However be prepared for a move in either direction as both scenarios are possible. Please...
This is a textbook broadening wedge (megaphone). Although price can breakout either above the top line or below the lower line my bias is short. line as the 4h time frame shows overbought on RSI. This wedge has been touched by price 3 time on both top and bottom and this is the requirement for validation. I don’t know yet if I will take this trade as it is rather...
This is a bottom broadening wedge where price enters from above and touch the lower line first. This is usually a reversal pattern but really it can break out either way. Usually after wedge is validated-( 2 touches of both lines but ideally at least 3 touches on one of the lines)- you will see a partial rise (or fall) before reversing again. I believe we are in...