Whilst I'm bearish on this rally for now, this setup triggered, expecting to see flat price action or follow through in the next 2-3 candles (4h), otherwise if we see supply here (market can't hold the level, price rejection) then this is a failure signal so I will close the trade and wait for more information as to whether we are now 1. at a larger swing point or...
Momentum comes into the markets on Thursday as we see weakness across the board in index and commodities. Technical backdrop is clear bear market downtrend.
LTF momentum on a larger short setup. Weak bounce from the short. Anticipation of the daily bear flag playing out. Initial target 1R
A short video explaining a recent position and the reasoning behind a 1R target and the concept of filling the range. Will be looking to do some free streams where people can ask questions.
Short covering rally looks to be on low volume and EURO markets have not shown the same strength as US. THinking 3 candles ahead, need to see this show follow-through or at least stall on next few candles as short covering rally may continue. This is an anticipation trade without confirmed momentum.
Bull flag setup, trigger candle. Only hold if shows some strength or stays near entry.
Re-post with a clearer chart - clear bear flag setup as markets continue to show weakness and liquidations.
All markets still in sell off phase - clear bear flag setups. Heavy crypto liquidation shows retail is being washed out now.
I discuss how a short term moving average such as a 5MA can be useful to help your brain focus on the swings rather than getting sucked into the randomness of single candles.
Recent strength in stocks early in the week seems to be a false rally as markets sell off on Thursday. Looking to see a test of the low of the larger range. Momentum should continue and be in profit or at least near entry after tomorrow otherwise will look to close if market is still choppy and there is weak followthough. This volatility today could be the first...
Classic market structure. Clean bear flag setups but expect a lot more downside from the bigger move. Regardless of its true utility, the majority of people that bought Bitcoin did so because they thought it would go up. I don't think the next round of buyers is going to be there and the overhead inventory of trapped longs is probably huge. There is so much...
New trend, bull flag and 4h trigger candle out of VC.follow through is there and should hold will move stop up to suit staying below pivots unless something changes. Target initially 1R
Triggered Long on the >4% candle, breakout from new trend, consolidation and strong candle to trigger. Target is 1R.
Triggered long on the strong candle. Uptrend, flag and breakout. 1R Target.
Entry trigger for Bear Flag short on 4h. 1R first target. Recent strong weakness in stocks saw a couple of -1R losses on stock positions! Market looking weak. Nasdaq also a good short setup.
Triggered long on the >4% day breaking previous high. Expect follow through should be in profit after 1-2 days otherwise close or move stop right up
Triggered long from the bull flag. First target is 1R. Second target is previous high. Developed Daily trend, pull back, strong day entry. Expect follow through after 1-2 days otherwise move stop up tightly.
Established new daily uptrend and bull flag entering on momentum day. Look for a close near high of the candle to hold. First target is previous swing high and then 1R.