Currently a couple confirmations away from execution. BEARISH variations will confirm entry.
We are still waiting on proper formation of the RS. As of now, price has formed a BEARISH flag on the 1H time frame and is currently consolidating in the current range. We will wait and see how the next few candles form on this 4H timeframe, and look for SHORT opportunities as they present themselves.
Another H&S pattern forming, this time on the 1H.
Now on the 1H timeframe, price forming a flag pattern. We will see how the next few hours play out. A couple scenarios we could see is a break and retest of the pattern, followed up by a break and re-test of the neckline of the 4H H&S. More updates to follow on this move...stay tuned!
Price has pulled back to a key level (38.2 FIB) Next step is to see how this 4H candle closes. Ideally, we would like to see an engulfing and closure below the MA before dropping down to lower timeframes for entry. It's playing out nicely!
Price at key level (31.8 PRZ) Looking for further confirmations on lower time frames (MA cross, bearish signals, PRZ)
I am BULLISH to start this week looking to target Daily Supply zone BEARISH push looks like the market is taking a break before continuing movement to the upside With price at Weekly Key Level I will see how price reacts before making any decisions Need to see a break and re-test of weekly level if going SHORT
I see a H&S pattern forming on the 4H timeframe Will look for further confirmations on lower timeframe once price re-traces to make a right shoulder
Candle exhaustion at the top of wedge pattern shows BEARs taking control to the down side. Price has fallen out of the pattern with a lot of BEARISH momentum Looking for a nice pullpack to a PRZ and further confirmations before entering