traderscolo-en

traderscolo-en

What do you think of the fluctuation after the upward trend I marked? Is that confusing? The situation now is a little bit tricky. I do not observe a clear trend for the long term. So I would like to see a short term trend. Let’s just focus on the recent upward movement first. The price goes up and fluctuates at this level for a while, so I mark the upward...

traderscolo-en

Dash, as a blockchain company, which seems insusceptible for the pandemic in this year. No big difference, no crazy things like crude oil, just some gaps there and which is normal for Dash. I think everyone should get used to it. Volatility is part of dash anyway. So some traders avoid things like this. Great traders can make money in any situation! Now let’s...

traderscolo-en

The JPYMXN seems to have no clear trend recently. An unstable situation could be a chance for traders! First, I use recent high and low to build a Fib and see if any candle reaches the fib lines. Luckily, I found one, and I marked the retracement with the black dashed line. This dashed line is at around 0.786 level, which is a hard level. Next, I found a falling...

traderscolo-en

The title is straightforward enough right? The most obvious signal is the breakout of Bollinger Bands. The price could bounce back to the middle when it touches the border, and if we consider the recent move as a retracement of the previous trend, then the point that I mark with a blue circle could be a support point, which is just at around 0.786 level of Fib...

traderscolo-en

I would say no actually. The chart does not review too many signals, however, using two peaks to build a Gartley pattern still makes sense here. Now let’s see this pattern, first I have to say that some moves do not accurately fit the Fib levels. I still consider it a Gartley pattern. As can be seen, the point D is just the last point, which is also a breakout....