looks like price going sideways
possible range bound into breakout setup
look for short setup with bearish price action and selling pressure
look for long setup with bullish price action and buying pressure
watching key levels establish
Bullish price action + Uptrend
Going up towards precious swing high
Possible breakout near resistance
Possible pullback setup near lower support levels
recent breakout
If selling pressure appears near resistance, then look for a pullback setup
If bullish price action continues, look for a long setup
If price action starts to consolidate, wait for a breakout.
recent breakout into the previous congestion zone
If price start to come down, then look for pullback setup. Possible areas: support 1; support 2
If price break above current swing high, then enter long.
Recent Breakout
Price is within the resistance zone, it looks like coming down to find support.
Look for long entry near support 1 (previously strong buying pressure)
Price hit resistance at $20.64, selling pressure came in and closed with a bearish bar.
If price break above $20.64, then enter long
If price comes down to test support, then look for long entry
If price start consolidating, then wait for breakout setup
Setup: Long
Price hit upper resistance level
Consolidation
Looks like it’s coming down to test support
Long entry at the nearest support zone with preceding long shadow signals heavy buying pressure
If price break below support zone 1, then look for long entry near support level 2
Setup: Long
Breakout of major down trendline
Price is coming back to test support
Looks for setup near support level 1
If support 1 fails to hold, then look for entry at support 2
Support 1: breakout zone
Support 2: trendline + swing low
NHC coming down to test support level 1 or 2
looking for long entry at either support 1 or 2
higher probability with support 2 (swing low + trendline support
patience is a virtue.
