Monthly support looks like a very respectable area Just started a personal Instagram: lxlninethree :)
Enter short when you find an opportunity at a lower time frame to box Instagram: lxlninethree
Skinny box could be a reversal area, look for short entry Swing trade Instagram: lxlninethree
Look for price action for long opportunity This is a swing Instagram: lxlninethree
If price breaks box, wait for retest and enter long If price fails to break box, wait for retest and short Instagram: lxlninethree
Price has rejected the 50% Fibonacci level and has retested/respected trendline. Look for opportunity to short to target. Instagram: lxlninethree
With confluence such as price action rejecting the 200 EMA, a 50% fibonacci retracement along with a retest of resistance, expect a drop to target as seen on chart.
Let's recover our Christmas spending this year by going short
Man, these setups are just so fun to trade. NASDAQ:SRTS approaching a breakout, be wary!
This is my first time stepping into the Stock territory and most of my setups are very similar so I figured if my calls are correct, I start playing around with Stocks. But I found an Ascending Triangle in NASDAQ:REIS Ascending Triangles most likely breakout towards the upside and in the event that it does, it will most likely hit $26 . BUT , if it...
Price hit TP when it broke the trend lines. 3rd trend seems like an area of interest with price closing directly below (yellow circle) and eventually breaking through and closing above. Will price behave around this 3rd trend?