Confluence of 3 arguments : - MA 100 Act like Resistance -Bearish Hidden Divergence -Bearish FLAG even if there are arguments in favor Short condition , there are others in favor the Bull like US inflation falls to 8.5% and many others , and entering now in short position is gambling so the Best moment is to wait for a good confirmation , like the price break...
-The Price Has just Broke the triangle With a Great Volume and Price Action . -Inflation reaches 9.1% , The Highest the US has seen in 40 years . - I expect the price after breaking 17600 will rally to the area - in the next article I will explain in detail the Entry price , The Targets and the Stop Loss Stay safe and Good luck
Please keep in mind this area is an area of doubt and the only thing we can do is to be patient and wait for the right opportunity to enter in the chart up you will find the conditions of long and short opportunity . P.s : in the breakout zone always aim for a good and strong price action to long or short , do not enter if there is a sign of rejection
As you can see , in 1H TIME FRAME , price is supported By HMA 300 AND FIBO 0,236 . We have 2 Opportunity in this area . starting with the small one . 1. SHORT OPPORTUNITY : if the price break the HMA300 area with a good cande then we enter : STOP LOSS : 21800 TARGET : BETWEEN NOW we move to the Great oppotunity : 2-LONG OPPORTUNITY : If the price break...
Funding rate positive , this means that most traders are optimistic in long position . but bear's army story won't end here , a bearish hidden divergence is here , and know that if we want a strong bull season we need a strong pattern to push the price above the 1-day 200 MA . and one of the strongest pattern is the inverted head and shoulders and i think the...
IM very confident with this hypothese , But please always manage your risk
SL : 37200 TP1: 33500 And wait for the price until break the triangle
PLEASE LOOK AT OTHER HYPOTHESE , this is liquidation time stay safe and manage your risk cause the market maker don't care about stupid decisions .
I HAVE 3 HYPOTHESE ALWAYS WAIT FOR THE CONFIRMATION . please look at the other hypotheses in my profile
DONT ENTER NOW , Wait until the price break the neckline with a good price action or retest it . and manage your risk , a good risk management is the key .
Please wait for the price break the support Lvl of the pennant with a significatif price action or retest it And dont forget to manage your risk with a 1 or 2% rule
2 Senarios possible but in this situation i guess bears will win the battle . but we have to wait for the confirmation for both senarios , and beware of getting trapped by market makers .
Im confident with the bearish Flag if the price cross down the 100 MA and 0,382 FIBO RETRA we can see a massive Rally to Our SHORT TP , but the second hypothesis still strong , don't underestimate the bull army in this area so always wait for the confirmation .