AEVO - Shift in Momentum in Action 📉📈Hello TradingView Family / Fellow Traders,
📉 AEVO has been overall bearish trading within the falling channel in red.
📈 For the bulls to take over, leading to a movement towards $2, a break above the upper red trendline and $1 round number is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
CAP
GJDAILY
Still expanding the current wedge we are in. Peaking at 193.50, which could either be our ceiling this week or our target before heading up to 193.60
4H
We are still in a small pullback flag, so the assumption stays that long term we are bullish but no commitment as of yet.
1H
We either going to bounce on 191.30 or we are going to get rejected at 192.00, for now just hold on and wait.
15Min
Opened with gapping downwards and now we are shooting upwards. So that shortfall will be recovered, for now stay watching. We'll wait for more developments.
US30DAILY
Just had an expanding wedge and price is building more into the wedge. 38655, shows us further price movement to possibly the upside.
4H
38600 is a form of some support, look left and you will see the test / rejection and sensitivity around this price. The expanding wedges are just giving us signs that there's bearish pressure when they happen. So we are adding to our confluence.
1H
38555, bouncing here and rejection. This should not tell us that we are going up, it's just indication to stay watching.
15Min
Stay away
NB!!!!!!!!!
NFP FRIDAYS WE ONLY TRADE AFTER NFP TO AVOID DOING THE WRONG THINGS.
N1DAILY
Still following the channel and building it further. Currently 17949, which is giving us more confirmation to the direction we are anticipating.
4H
The little reversal candles don't give us enough information to go in any direction.
1H
17865 had a double bounce here, which had long wick touches to show rejection.
15Min
It's bottoming out and price is squeezing so during NFP we definitely will have lots of volatility to the direction where the demand is the highest.
UJThe forecast went in the direction of the market. Which shows that we working and getting better and the edge getting sharper.
DAILY
We finally broke out of the consolidation and chose a direction (short). Bouncing off 150.80, with the current candle now pushing upwards. We have slight direction as to what we are doing.
4H
Bull channel and we hit the bottom of the channel, with patterns confirming the rejection and bullish candlesticks pushing upwards for the reversal.
1H
I see an inverse H&S and we are breaking the neckline of the pattern, so now it is a matter of waiting for the retest (151.30) before we enter any trades.
15Min
Bearish low test candlestick (Reversal), which is playing exactly towards the trade we would take.
NB!!!!!!!!!
NFP FRIDAYS WE ONLY TRADE AFTER NFP TO AVOID DOING THE WRONG THINGS.
GJWe did well on the trade. Now rinse and repeat.
DAILY
Broke down below 191.24 and closed there. We are currently forming a reversal candlestick, the next candlestick will give us direction.
4H
We are trying to reverse from the drop that happened. Bouncing off 190.80, and we still pushing up. We still in the middle of a bear channel reversal, so we are waiting for it to touch either 190.00 or 192.00 before we follow through on any trades.
1H
Waiting for the rejection at 191.24 or the break through of it so we get more direction of what we are doing.
15Min
We in a downtrend, so there is no intention to look for longs.
NB!!!!!!!!!
NFP FRIDAYS WE ONLY TRADE AFTER NFP TO AVOID DOING THE WRONG THINGS.
N1DAILY
18346, is our beautiful price of interest. We peak above and just below it. There it is a point where we will determine our next move. 18000, being the bounce price and now we are heading to our price of interest. We are anticipating a high yield tomorrow but we are not certain it won't fake out few times before the certain direction.
4H
Double bottom and finally price has brought itself up to where the previous strong impulsive candle started, 18255. Which shows just how strong the bears pushed the bulls over the hill. Stay watching and waiting.
1H
High highs and high lows but now we get around 18250 and we slow down again (resistance), we possibly could just melt again here before coming back up. Candles as well have short bodies and short wicks, indicating a high reversal chance.
-Nas consolidation does not usually last long because there is volumes of volatility always.
15Min
Break of 18210, I will look for sell opportunities
UJDAILY
All we have is consolidation and reversal candles with no definitive pattern. Yet they are pushing upwards, tomorrow we will get the correct direction.
4H
Inverse H&S and we still struggling to break the neckline of the pattern, therefore we have no guarantee that we are going up. We broke it but came right back and have been struggling to break it (151.70)
1H
Once again we are rejecting the neck line 151.70 which should tell us that actual momentum we'll only see tomorrow before NFP, during NFP and after NFP. Till then sit still.
15Min
151.67 and 151.63, this gap should further show that there is still strength from the bears which has not fully played out as the volatility is yet to kick in.
GJWe did well and got both our trades hit our exit point. Now rinse and repeat
DAILY
Broke through a resistance level and started creating new highs, plus our ascend was very impulsive and engulfed the bears in the market. Indicating we are pushing up and fighting bears now.
4H
191.24, the support price I will believe will give us further signs to look for longs in the market.
1H
Broke 191.24, retested 191.80 and kept going. Now it's slowed down at 192.20 so we stay patient and wait for the trade to come to us.
15Min
Next candle closes bearish engulfing and we will have some sort of bear run, just the length of the run we won't know exactly (remember we are in a full bull run, Daily structure)
US30Daily
The beginning of a reversal (to the upside) the completion of todays candlestick will help confirm that. It looks to be forming an evening star right at the top of the resistance which adds to our confirmation.
4H
We definitely are still on the right track but we are still just slightly early.
Got the test of the previous resistance (39620) correct just days later
1H
Expanding wedge during a bear channel, yet it is a bullish trend. So we either anticipate this as a reversal (to continue the bear run) or we see this as a reversal to bring back the bulls in the market.
15Min
Wait and watch
UJUPDATE
4H
We are still consolidating and this is not the time to enter but rather the time to wait for a breakout of either direction.
1H
We are in the middle of a channel but we are consolidating. If we follow the possible formation of the channel we expect a bull run to 152.20 which will be a break of the highs and a point to look for trades to enter.
15Min
That trade idea placed is very poor and not one to take, especially where UJ and NFP week are involved as high volumes of volatility can kick in whenever high demand is supplied.
N1WEEKLY
Highest high, peak, top price. 18467, we bouncing around these areas and that is indication of more bulls to come. For now it's first a matter of getting momentum to go.
DAILY
18300 being the strong level of rejection with wicks all over the place is signs of reversals we would anticipate them going down and falling hard.
4H
Aiming down, possibly to 17900. But it's not conclusive as all the slowing down (wicks, spinning tops, dojis) all show reversals of current price and rejection so we'll wait.
1H
Bounce of 18180 will give us the idea we need for the next move.
15Min
Bad trade idea so rather stay waiting
USDJPYWEEKLY
Previous candlestick confirmation were 2 bullish engulfing candles which gave us bullish movement.
DAILY
152.100 our rejection level, even got a reversal candlestick right on it but we will wait for the next few candles. Rather an immediate breakout either up or down, we have consolidation.
4H
It's just more consolidation, up and down, averages no immediate or directive.
1H
Just an assumption to the upside, but it's not guaranteed.
15Min
Will wait for 151.800 to be hit before doing anything
GJWEEKLY
Spinning tops at the current price (190.60), therefore we wait.
DAILY
190.00 looks to be the rejecting price, we are moving up.
4H
190.60 is a strong level we bounced of and had candlestick confirmation to the upside.
1H
191.30 is where we are anticipating
15min
190.40 was our resistance and turned into our support
US30So wrong or just too early.
Mid way we were moving following our analysis and the bulls just gained energy but that's okay. I did have quite a bad week so it would have affected my thoughts.
Currently 39450, were we anticipated the major drop is where we can adjust and rework our analysis from 1W down to 15min.
Weekly we have a strong bearish candle, which looks to be engulfing the previous week. It's cause of sign because it is happening at the top of the trend.
Daily we had an evening star, that further adds to our analysis and believe of the bears.
4H we had a double top, indicating the fall (39900 being the ceiling). If we get a neckline (39300) break then we off to the races.
1H we'll wait for 39260.
Trade Idea: Wait
GJLet's stay watching because where price currently is (190.90) is a level to watch. We close below here, have a rejection, confirmation candles then we know we are looking to stay going down.
1hr has already given us 1 confluence, we need 3 before we enter. It is forming a second one but has not confirmed it yet.
RISKY TRADE IDEA, enter the market with sells but closely monitoring the SL you place in because this move is not yet complete.
I will stay watching and waiting for the perfect entry.
US30We are on track and going very nicely to what we wanted before we go with the market. Keep holding that patience and stop those fingers from executing any trades.
As we move lower, think of possible moves which could invalidate the forecast:
Bull momentum taking over
New rejection level
Fake outs to the downside
Major news announcements
Wrong psychology
Wait, hold, plan, wait some more
N1Good thing we were patient and stayed out.
Following the previous post, I had not set out an idea. This was just placed and not taken.
Now we have a better idea as to where and what to do:
We waiting for the retest on the rectangle and confirmation of bull movement before we set out our buy stops and market entries to go with the bull run.