NULS Weekly Update 9/24/2018Nice weekly reversal close last week led to a strong bounce today. I'm looking at longing any retest of the weekly open as we had a nice impulse move away from that level. My stop will be under last week's low and I'm targeting weekly resistance above(red). You can see this daily resistance (pink) has been tested twice before and a third test probably won't hold. Good luck trading!
Nulsdeep
NULS Weekly Analysis 8/27/18Welcome! I've been learning/praciting technical analysis for awhile now and have recently learned a lot about price action. I plan to publish my thoughts at least once a week. My goal is to practice, improve, learn and hopefully share some knowledge with the community. Please feel free to challenge and question me (respectfully). This is also not financial advice in anyway and is meant for entertainment. PSA: Don't look for advice from random people online- learn and create your own ideas for trades!
4H:
NULS has looked like it may turn things around recently. It is making a series of higher lows on the 4H chart. It broke above a 3D bearish order block and is consolidating above it now. I think this resistance will become support and I like a break to the upside to occur.
Trade:
I'm long already but I like this trade. I think NULS can break through the order block overhead because it has already been tested 3 times. I think supply is weakening and a run higher could occur.
NULS Analysis 8/21/2018Welcome! I've been learning/praciting technical analysis for awhile now and have recently learned a lot about price action. I plan to publish my thoughts at least once a week. My goal is to practice, improve, learn and hopefully share some knowledge with the community. Please feel free to challenge and question me (respectfully). This is also not financial advice in anyway and is meant for entertainment. PSA: Don't look for advice from random people online- learn and create your own ideas for trades!
4H:
Jumping right to the 4H chart NULS has been ranging between two 1D order blocks(bearish vs bullish). Right now it is testing bullish support for the 3rd time. It has made a series of higher lows but also lower highs. I'm watching this area carefully as a break below it may offer a chance to sell and rebuy lower. It has done a decent job staying above the orderblock equilibrium but I'm wary of it being below there now. There is also a 3D bearish OB that could be resistance on a retest. If this area provides a rejection I may look to sell here and look for support to falter below. My long term goal is to accumulate as much NULS as I can so don't take my outlook on the price as a negative view of the project.
1D:
Areas I'm looking to rebuy if support breaks.