jetnolee
Gold broke a new price level after a long time . It formed a rising (ascending) wedge which indicates the formation of a bearish chart. There was a breakout of the rising wedge which likely kickstarted the bearish trend. However, market closed at a key level, which is also the 78.6 fib level. For me, this is a strong key zone. I would wait for the break of that...
Hello, I’ve been in a long position but market can’t always play to the textbook setup lol. The market has been in a small range and I’m still looking for the continuation of the uptrend only if it breaks the resistance level Also, the market can break the support level to start a bearish market. So, I would patiently wait for a real breakout of the resistance...
The trend is bearish and there’s a formation of a Head and Shoulders pattern on the chart. I’m waiting for the break and retest of the neckline of that pattern to initiate my sell position. No confirmation, no entry ⛔️ Goodluck Please like and comment, and I’m also open to corrections, thanks
Head and shoulders pattern is formed, I await the break and retest of the neckline of that pattern to initiate my sell position. SL slightly above the right leg of the pattern. No confirmation, no entry ⛔️ Goodluck fam
I await the break and retest of the neckline of the head and shoulders pattern to initiate my short position. No confirmation, no entry
The market closed at the horizontal support which is a key zone, we wait for the breakout of the horizontal support to go short term. There is a gap/IPA below the horizontal zone that still needs to be balanced; that could serve as our TP. If there is no breakout of the horizontal support, we wait for the breakout of the trendline resistance, we wait for a retest...
From the top down analysis, the daily chart and 4hr tf are uptrend which gives a good perspective of where the market is heading to in a long term. In the 1H chart, there’s a formation of head and shoulders pattern where the market stopped with the right shoulder not completed yet. We would await the formation of the right shoulder leg to the neckline of the...