matjaz70

matjaz70

I see long term resistance in montly candels so if the price will not go up it is possible to go down quite a lot. Risk reword is good. But indeed failure test is not realy clean. Be carefull.

matjaz70

The idea is that you go long after the pullback nown as bulltrap too.

matjaz70

It is time to go up ugain at support level

matjaz70

We reach resistance line, It is likely that price will bounce down, at leas a while.

matjaz70

Also Triangles, Ascending. If there will be no bull trap, this should be a nice trade.

matjaz70

You enter the trade bellow the support level and hold it to 11.07 Trend of the stock is on downside I do not expect major pullback, but you never know.

matjaz70

Brodening Formation is usualy goes up. As I see here is a great potential.

matjaz70

we will see how trade will go. Respect the stop level. Market is overextended in my opinion and this trade works best in this conditions.

matjaz70

If this will be bearish trap which I saw a lot of times and play breakout it will be nice trade.

matjaz70

It seems like the end of the pullback.

matjaz70

Too much of extension so 'anti' trade is possible contrarian. Be carefull to exit the trade appropriately.

matjaz70

I think this situation is too complicated and I would suggest that you stay aside despite the triangel.

matjaz70

It is a nice entry today. it coul certanly go to cca 108 and if support is broken even 104 could be forseen

matjaz70

There is a short resistance (green line), long resistance (red line), market is extended. For my point of view good short enter with good risk control.

matjaz70

Set enter point when market is bellow current resistance level and set target against previous high.

matjaz70

If you look in the history of this chart you can see that after such a run alwas decline followed. Setup can be modified today if candel will be even higher, so you can enter into trade even beter risk reword.

matjaz70

GLD has a double support one from weekly candles view and shorter one from daily candles. After such a sharp move there should be a rely.

matjaz70

Previous week it was quite rally so the market should pause. Political situation give me confidence for shorting the market.