The Russell here is in a massive range on the 1 Day chart. On the 4hr, price looks much like the NQ. Our bias is long as we're at the bottom end of the range and we're seeing bullish momentum. Currently waiting for a pullback with a bullish engulfing/break of structure.
Here on the Nasdaq, we are in a clear uptrend on the daily chart. Unfortunately, I missed my long trade last week as the trade happened on a Friday, but it did play out none the less. My bias here is long considering we're still holding support on the daily time frame with bullish momentum on the 4hr. Currently waiting for a pullback with a bullish engulfing/break...
Unfortunately, last weeks trade never played out because we never got a pullback to our zone. None the less, Gold has shown bullish momentum and our bias is still bullish. We're looking for a pullback with a bullish engulfing candle/break of structure.
Currently, we are in an uptrend here on crude oil. On market open Sunday evening, we had a gap up, but today it has pulled back and closed that gap. I am waiting for signs of bullish momentum before entering long as we are testing support with nice 4hr candle wick rejections.
Long bias here on the Nasdaq. On the daily chart, we are in an uptrend and are currently testing previous resistance as new possible support. It also lines up with the 100 day EMA as confluence. I am waiting for signs of bullish momentum before I enter long.
On the daily chart, we have a double top with a break and retest of the neckline. Currently, we have our pullback/retest of the neckline with nice wick rejections. We are waiting to see if we can get a bearish break of structure/bearish engulfing candle to go short.
With the recent break of the range last week, we have confirmation of gold wanted to trade higher. I will be waiting to see if we can get a pullback to the top of the range to test support and will enter once we get a break of consolidation at that zone, such as a bullish engulfing candle.
On the 4hr time frame, we are currently holding support at the 50 day ema along with regular previous price action as support. Our bias here is long as we are in an uptrend and respecting our previous higher low. I am waiting for this pullback to confirm as a new higher low on the 1hr time frame by waiting for signs of bullish momentum. Whether that's a clear...
At first glance, my initial thoughts tell me the bulls are losing steam. We previously made new highs, pulled back, and pushed up again only to make a slightly higher high while putting in bearish divergence. Had a sell off this past week breaking multiple support levels and now we're retesting resistance, which was also previous all time highs this past February....
Waiting to see if price can manage to reach around 1810 to test as resistance and hopefully, it can maintain bearish divergence as some confluence. If price can make it up there, I will be waiting to see if it has some form of consolidation, and then a break below and a retest of that consolidation to form a lower high.
Within the last week or so, crude oil broke out of a range its been in for awhile. Now, we currently have a nice pullback to test that range as possible support. On the 4hr chart, we are currently sitting right on top of the 200 day EMA as some confluence. I am waiting for price to have some form of consolidation with a break above and a retest of that...
