Silver 4hr trend down. 4hr shooting star at 50% fib retrace and at 30min order block. 5min break of structure. Target daily support. Place stops behind order block zones or above the high of the shooting star. Price action coincides with the C of an A-B-C lower for elliot wave.
All IMO, DYODD
Massive sell signal on gold. This choppy channel price action is trademark (B) corrective. Bearish engulf on Monday retested with substantial shooting star has led to a 1 hr break of structure. Got a short on silver, selling gold on retracement (if one substantiates). Could be a huge liquidity event in the making where everything goes down. Targeting $1750, or for...
Weekly shooting star at key level of resistance, 4hr break of structure, daily lows swiped.
Trade idea: retest of order block/demand that caused the 4hr break of structure. Can wait for confirmation on lower timeframes; ie. a 1 hr engulf.
Hold until a 4hr reversal, trail stops.
Sorry for the messy chart..
All IMO
Bitcoin bearish reversal pattern on the 4hr at the daily/weekly demand turned supply level from the recent breakdown in May. Shooting star on the daily, over-under reversal pattern on the 4hr with retest and breakdown below the rising trend structure. Also resembles a head and shoulder formation.
I am expecting rallies to be sold into. Conservative stops should...
