mcuy366

mcuy366

Just a little bed time mark up... Divergence + ABCD + S/R what do y'all think?

mcuy366

Divergence on Monthly Chart + S/R level ----> Possible reversal? Trend line is broken further validates the reversal happening. ****************No need to rush******************* Wait for any possible consolidation to be over. Consolidation is finished when it breaks the R1 (blue zone) Aggressive : Enter Conservative: Wait for retracement

mcuy366

On the 1H time frame, > We can see that there is divergence at the resistance level > RSI weakening - dying uptrend On the 4H and Daily time frame: > We can see that it is currently in the overbought region > Spinning top reversal > Major resistance level When to enter? Engulfing red candle 4H time frame Approximate Short- TP at next local S/R level SL at...

mcuy366

If the gold S/R -D1 Holds, the price should break the trend line and a trend reversal could take place. A green candle that breaks the upper trend line is my first confirmation. Further divergence on RSI will validate the trade

mcuy366

Indication of a down trend for 1H 4H and 1D Daily: 1/ Respect parallel channel 2/ RSI Divergence 3/ Daily and 1 Hour: Hits and respects the 0.382 Fib level My concerns: New low since as far as 2002. Not sure where it's going to go from here Considering a safe TP and the next minor S/R as always, any ideas are welcome in the comments

mcuy366

1/ Parallel Trend S/R 2/ Major S/R 3/ Check for divergence or Engulfing green candle for a reversal

mcuy366

1/ S/R Level 2/ Ascending Triangle break

mcuy366

S/R Ascending Tri

mcuy366

SHED SOME LIGHT IN THE COMMENTS :) Potential Trade: ( Could make a 5th top before breaking out Break out could happen in the next 2 weeks ) 1/ Trend respecting Up Trend Support line on 1H, 4H and 1D Chart. 2/ Crossing EMA and MA's on the 1D chart 3/ Possibility of divergence when this candle or the NEXT candle finishes. - Using a tight S/L- Concerns:...

mcuy366

Down it goes

mcuy366

Hopefully it target is hit