Before any major move, a market trap usually occurs, catching most traders on the wrong side. What's required is patience. Be patient and see what the price does when it reaches an all time high/low. The reaction is your ultimate signal on what is PROBABLY going to happen next. This setup represents this notion. The 1st ray line represents a point where a bullish...
A third touch on the expanding pattern arrived with a double top variation (i.e. the second leg slightly higher than the first). The ray line indicates the neckline of that pattern. A confirmation to take this sell entry will be a break and retest of that neckline, which validates the pattern. The final price objective will be at the support trendline of the...
Following a strong impulse, a correction (bearish flag) and another correction at the 3rd support trendline of that flag, a clear selling bias is formed. Enter a retest following a break of that correction as indicated. The final price objective will be the measured move of the bearish flag which also happens to be at a long term support trendline. You can place...
Price finally crossed the bearish flag formed, looking to sell at the retest as indicated and exit the trade at the support trendline; and wait for more opportunities
Looking to sell at the retest of the rising wedge support trendline. Final price objective at the end of the measured move.
A classic break and retest entry. Following a long uptrend, Nas100 created a third touch on the resisting trendline with a bearish flag (indicating readiness to break the strong supporting trendline and go for sells). The price recently broke the uptrending supporting trendline as expected from the bearish flag signal, we now await a retest of that trendline (to...