scommesylvain
PremiumPERFECT SHORT THERE IMO
I ENTER SHORT NEXT TIME THE HOURLY STO IS GOING DOWN
NBI IS TURNING BEARISH TOO, CRASH INCOMING HEHE
THE DOWNTREND IS NICE ON HIGHER TF, GOOD ENTRY POINT
Such a nice and big wedge is to monitor
This down bounce on the RSI confirm the diamond top pattern
Waiting for a better shorting entry point, where we are is not that bad though, the stop would just be a bit far but the potential gain is still worth it
Such violent moves up and down after a nice uptrend often ends up being diamonds
A long is really interesting there, strong probability for the price to go higher
Much bullish potential given the long term chart, worth a try
The break should validate a big move, either way
The risk reward ratio is pretty good for a short even right now...
A break of the trendline + the rsi resistance would be a very good opportunity imo
Seems like a nice short here with SL above daily high: - Ascending Wedge break + pullback - Divergence on the Sto - On higher timeframes it is bearish
We have a nice divergence in this uptrend and the last bounce seems kinda "jerk" to me Though right now, i think it is too early to consider a short, i will wait for a break of the price resistance @29.50 and of the RSI resistance to really consider a short there.
WMT is crashing for a while now and i think it is turning bearish long term, here is a good entry point in case i'm right because that bounce was pretty weak and the Sto is falling now
- We got a clean break of a top diamond in the Stochastic and now the pullback seems to be ended - There is confluence with the price being unable to reach the 2007 tops (diamond top there again) - On a lower TF, the break and the pullback is a Ascending Wedge break (see my 1D idea) with once again a diamond top - The RSI support already got tested 4 times, last...
- Clean break of an Ascending Wedge being a consolidation on a longer term view - Tricky pullback forming a kind of diamond pattern on top (on this TF but on 4H, it is a double top) - Now seems like a good timing to enter, aiming above last low at 89.70 for a first TP and a hold for long term for the rest of the position. SL above the top pattern at 92.50