How to read a Chart: Quick and dirty charting tips

Hope you find this useful!

the levels could be more precise, but just to show you how levels can be useful!

Link me on any questions,
Cheers,
C

Trade active

It triggered the "zooooone" and just hit T1 and T2, seems like it is struggling at intermediate resistance. There are many orders at the 2750 level in the "booook". As the low at 2550 hasn't been triggered, it might be a "weak" low.

Note

We're finally reaching the high of the range and starting to trail by inside-outside-bars on H1 and preparing to go turn position on signal. Keep an eye on the orderflow!

Trade active

We knew that in the specific area (highlighted in blue) sellers might step in.
As we've reached the "zooooone", we could see some divergence in the CVD, as well as sellers absorbing (orange bars), followed by an exhaustion push and aggressive sellers in volume as well as in the CVD (purple bars)!

If we're breaking through 2674, we'll be close to the 1st target, which is the bottom of the smaller range.

Note

We've just hit T1, and are at the higher TF support now. Seems like we'restill holding support at 2470; if this breaks next target will be in the 2280 area.

Note

Just touched the 2300 area, waiting for a test or a breakdown of that area. In-Out-Management on H1 might bring you as close as possible to the target, if we're not pushing down on...

Trade closed manually

Even though it might go lower bc the resist still held until now,
STOP LOSS has been triggered as it bounced back from support.
Furthermore, there was a bullisch divergence on the CVD after overextended short inventory. Trade made 205 on 1st and 300+ on 2nd target.

I hope you've learned something.

Any questions? Drop a comment, leave a message ;)

Note

P.S.: This trade has been planned 4 days and executed 2 days before all the YT "gurus" have posted comments about FUD and macros ;)

Still it is great if news are speeding up your trade :*

constantine_trading

Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

constantine_trading

Also on: