AnarUn
UK100 is currently forming a potential double top pattern and RSI is diverging. Yet, I'd suggest executing the trade if a breakout takes place.
Previously, I shorted USD/CHF, as what I believe, it was a double top. A pullback is currently forming. Also, in a bigger term, it is a rising wedge pattern.
Whenever I trade, I attempt to trade a various analysis. If all the analysis indicate the same directions, the winning chance increases more and more.
Currently, my eyes are on oil, as it is approaching the major resistance area, which is 0.618 retracement of the October to November drop. Yet, we still need a valid confirmation.
Currently, JPN225 is testing whether it can pass the resistance and showing the sign of a double top. Yet, if it passes the level, we shall see a new current high since 2019 and a new chapter will begin.
We have to wait until it breaks the neckline.
I am planning to short DAX. Yet, I haven't seen any confirmation, yet. So, I guess, we shall wait some sort of confirmation appearance.
Previously, I shorted around 26106 area, thinking that it was a harmonic pattern. However, the price went up after showing the sign of a checkmate candlestick pattern. So, I was tricked by that. And now it is testing the previous high. Personally, I don't believe that it will reach its historical high. A news claims that the price increased due to the increase of...
As it is channelling, I am expecting to see some reversal patterns around that area.
I think, a head and shoulders is existing. As RSI +80 in H4, I will expect it to be completed.