Will the bart end soon? We touched the support levels i mentioned before and it bounced back bit, but we still cant hit the 6400 POC. I think the 6360 might be good entry for short and the redline is stop loss i will look for my short ( if we gonna break the 6400) . I think 70:30 we may touch the 6360 above soon and 30:70 we go down back to support levels at 6160-80 without touching the 6350 above . If the 6360 hits without stop loss trigger i may look for 1. PT at 6260 level and second one on 6200 level. After first PT i trail my stop loss to 6280 levels. What do you think are we gonna break the 6400 or stay bouncing around here for longer?
MAN
XEMBTC Dead Man Walking....Follow HimXEMBTC NEM BITCOIN Dead Man Walking
NEM is another coin being marched down a slow road to oblivion.
Once 15 is broken it should fall away to 12 and then 9.
Continue to sell rallies back to the upper dynamic and/or the break
below 15 when it comes.
48/7 36/5 25/4 18 15 12 9
XAUUSD - Beware of the hanging ManNext graph will show why we did not trade the daily pin bar that formed last week. That pin bar on the daily chart was actually a hanging man candlestick.
For those of you who don't know what a hanging man is, it's basically a pin bar that forms at a swing high or low. The difference between this type of pin bar and the pin bars we want to trade is that the hanging man is inverted. It also typically occurs at support or resistance.
The hanging man doesn't mean the bulls have definitely lost control of a rally, therefore we don't use it as a sell signal. Instead we use it as an early warning sign that the rally may be coming to an end.
See below Gold daily chart of the hanging man: (Also note the three inside bars on the daily chart) See how to trade our Inside Bar Strategy