If price comes back above L3 the target would be the Pivot or H3. Stop loss at L4 area. if L4 breaks. continuation
So essentially Short if after open it goes to H3/Pivot FIRST. target the L3 (tp some and maybe beyond but take some profit) Long if it goes to L3-L4 first. and stop loss just beyond L4. Target H3/Pivot (same thing but opposite. do this if it is the first move post open
camarilla + CPR. but its potentially a head and shoulders so my bias is bearish
hourly bull div. some caution dots. may pop up a tad. i will reshort it and trade for coming weekly pivots as new pivots nearly always get tested
IF it hits H3 first play it as short. if it hits L3 first try long. no matter which hits first... first take profit will probably be purple coming P line. then can target the opposing H/L3 and beyond over the week
based on the logic that the new weekly pivot gets tested after Mondays close (as well as whatever gap is made) untested pivots ALWAYS tend to get tested. can easily open them and see yourselves. good luck all
2day TD9 buy. bottom of linear regression channel. Oscillators very oversold with god mode triggering caution dots on the bottom. The monthly camarilla breakdown levels have also already been hit. I think its about time for heavy relief
Actually the entire area of upper 10ks was not much resistance in general. So breaking it didn't really mean too much. However there are some pretty big resistance here. L3 monthly camarilla level would mark it returning to the original range it fell from. The Purple lines are the Monthly CPR and pivot point. The blue line is an already twice tested downtrend...
these on the charts are weekly camarilla pivots. the blue numbers are upside and downside targets. the upside. 2nd target would fall in line with a 3rd test of major trendline and may be the call to a larger dump if failed. or larger breakout. the downside. falls in line with linear regression and current local downtrend as well as a minor CME gap. H4 and L4...
how handsome he looks. wonder what is next
These are algo projected pivot points for the week. don't underestimate any.
These are camarilla weekly levels. these are the levels to watch for price action. orange. is ranging. Red is breakdown. Green is breakout. I personally will aim to short rejection of H3. but will do so with tight stops and ready to flip on H4 confirmation. good luck
i know there is too little price history for reliability. these are just camarilla levels based on growth so far
using camarilla logic and strats
It showed me the top. Showed me the pivot to trade to. Showed me where it would be a broken range. it is possible. that it is showing us a retest of breakdown with the targets still to come. there is half a monthly left