I am a very conservative trader and like to always trde with the trend based on multiple time frames. On the monthly you can clearly see a massive cup and handle that has formed and is on the verge of a breakout (BULLISH) On the weekly price action broke out of the large falling wedge, pulled back to the .5 fib retracement and bounced (BULLISH) We look...
Broke out of Bear pennant and rejected pull back.
On the monthly we see a clear break of up-trend with a rejected pull back of the 50 EMA and trend lines *approached support and bounced We need clear confirmation of a continuation of this down trend. Looking for a pullback around the .5 - .68 fib level
On the daily we see a slanted head and shoulders pattern right at a very key support line and broke through which is very bearish. Price then pulled back to this now resistance line and rejected. Entered short with 3 T/P areas located on the chart
Bearish divergence on the RSI and 3 candles rejecting the 50 EMA
On the monthly we have a clear down-trend. Price has rejected monthly support line. looking for a short position entry on the daily. Waiting for mor confirmation On the daily we see a nice pullback to the 0.5 fib waith a doji on the close of the daily candle. waiting for confirmation in the next session or two for entry
Look for a clear rejection of this resistance and a daily close below
BEARISH On the weekly chart we see multiple Long wicks rejecting the 50 EMA Rejecting the weekly resistance and a break through the trend-line Now we Look at daily for possible short entry...... On the daily we have lots of confirmation for a short position.. Double top at the resistance line rejection of the 50 EMA on the pullback after the breakout of the...
Daily RSI in oversold territory.. Lets wait for the pullback Weekly showing a posible trend reversal. Preceding uptrend was strond so we need more confirmation than this before we enter short
On the weekly we see a hammer right at a key support area. I believe this will continue down but this hammer suggests that the small pull back on the daily is not over. Waiting for more confirmation before going short on this one
Bearish Divergence on the daily RSI and double top rejection at a key area of resistance Waiting for more confirmation to enter a short position
on the daily ill be looking a bit more of a pull back to the monthly dynamic resistance (purple line with a clear rejection. This is also where 0.618 fib resides...... PATIENCE
Bears in control..After 7 weeks of rejecting the dynamic support (Blue Line) price finally broke through Wait for a pullback to the "now resistance line" which is also between the 0.618 & 0.5 fib retracement level. Look for long wicks rejecting this area for a short position
Chart speaks for itself. Head and Shoulders completed at a key support turned resistance. If daily candle closes below last days bullish candle i'll enter a short position.
On the weekly we see a clear break of the 50 EMA and with successfull pull back and bounce off the 50 EMA Price also broke through resistance and pulled back Now we look at the daily for possible entry On the daily we see 3 rejections of the support line. This is also where the .5 fib retracement resides. I'll wait for a bullish momentum candle to enter long
Uptrend broke Break of the 50 EMA Break of monthly dynamic support Wait for pull back for Dynamic Trend Reversal Combo Short