1. Bullish engulfing initiates support 2. Bullish engulfing confirms support 3. Double bottom established 4. First target and double bottom measured move at 720 5. Second target at 800
1. Bullish engulfing initiates support 2. Bullish engulfing confirms support 3. Double bottom established 4. First target and double bottom measured move at 720 5. Second target at 800
Simple technical short setup. Price has come back to test the falling window (gap down) and has confirmed it as resistance. There are some minor support areas below, but I'm ultimately looking for a move back to the 116.00 support area. **Note: My particular broker charts show a long-tailed doji testing and rejecting resistance. That is what confirms my short entry
Long on a test of old resistance as new support. Looking to continue the uptrend with a target at 147.000
Falling window + descending triangle resistance proving to be a bit stronger with each retest and rejection. Will this take us back to the daily swing low....and possibly lower??
As I had mentioned earlier, this market is trading within a descending triangle and I was waiting for the daily close to decide if I was going to enter or not. Well, today's candle close was a long-tailed doji rejecting support. I am now long and looking for a potential move up to triangle resistance (about 120.000). Other important levels are 105.000 and 115.000.
In spite of the majority of the markets getting smashed, Crude seems to be holding up pretty well. Here on the daily time frame we see a descending triangle and price is testing support for the third time. I'll be watching the candle close today to confirm a potential entry long. Potential targets to the upside would be 105, 115 and 120 (which corresponds to...
This market has been in a strong uptrend and has recently broken out of an ascending triangle. Price has retested the breakout area and old resistance is now new support. I got long earlier this morning with my stop below yesterday's low.
Sugar has been trading within a large rising channel for almost a year. After recently testing and confirming channel support, price has rebounded and we're just about halfway up the channel. A falling window (gap down) served as resistance on the way down to support and has also temporary stalled the current rally. Now, after a strong daily close above the...
Price has broken above the daily falling trendline resistance area and has come back to retest and confirm it as new support. This test/rejection also coincides with the 50% fib expansion level. I'm looking for a potential move to the most recent swing high for my first target. If that level holds, then I will more than likely trail up my stop or close the...
Price has made it back up to resistance and continues to respect it. I entered short based on Friday's pin rejection.
Price has been in an uptrend for a while before consolidating. So, basically I'm looking for a move up since price has broken out of a horizontal range using the height of the range to determine my target.