A hidden bear div @ resistance will confirm a short entry.
I'm not big on trading chart patterns, but here's on idea. Only posting this because the volume validates the pattern. So we have a high probability/low risk setup.
50x Leverage Looking for support to hold after major pump.
Looking to short. Entry based on: most recent zone of supply. some important fibs a low volume node that I think we'll be unable to thrust through Top of 1H BBand that should serve as resistance Target: Looking for a retest of the support area, but not too confident in breaking any lows on this TF. Looking to take profit around the candle bodies...
I posted this in a couple telegrams and discords. Making this a trading view trade to keep track of it. Opened up a cross long. Target for wedge aligns closely with previous area of structure that served as resistance.
Short on ETH 35x Technicals initially showing distribution characteristics. Will do some re-analysis just in case. May update
Many signs of buying pressure entering the market. At a previous level of market structure that was resistance that I expect to act as support. Small bullish divergences, but nothing that compliments my bias. At fib support & murrey line support. R/R is a little sloppy for what I usually like. Will probably tighten stop as I actively monitor this trade.
How I'm currently looking at the chart. Will re-evaluate after London open in a couple hours. Going to sleep now lol
I was horribly wrong on the last schematic, so I'm trying to move much slower with this one. I'm making a case for accumulation because I have not seen a sign of weakness yet. The bottom of the trading range is holding pretty well.
I'm thinking that we fail to break the outlined resistance level and see a diamond bottom breakdown to the next level of support. The breakdown may feature a throwback to the area of market structure, which would be the ideal level to enter a short position. Bulkowski outlines that the Diamond Bottom performs at a rank of 1 out of 21 in breakdowns . (To be...
The Dow Jones is beginning to make a strong case for entering a phase of distribution. As the DJ:DJI is essentially an index of the American Economy, this will be a trading range that I am particularly interested in and will continue to watch over the coming months. It's difficult to time moves when it comes to Technical Analysis. Targets/Levels are easy to do,...
Another case for Wyckoffian Accumulation on Natural Gas. Will continue to watch this trading range. Some key characteristics seem to be missing.
Platinum testing lows from the recession. I highly doubt it breaks those levels unless there's something special about the platinum market that I'm unaware of. It's showing signs of Wyckoffian Accumulation, so I'd look for it to go sideways for a couple of weeks. It's currently at the bottom of the TR (Trading Range) looking as if it's testing for any additional...
It doesn't get any clearer than this. I will link information relating to Wyckoff stockcharts.com