Here is my follow up on the Bearish MATIC analysis.
On this Daily Chart, there is momentum candlestick that break above the Daily Upper Band. The key is there is no Extreme Momentum shown during the break. (Which is the 5/10 High MA break the Upper Band. This tell us that the Bullish Momentum is still VALID.
You can Buy using Cost Averaging at MID BB and if...
Hello :D
Price have create a Higher Highs and followed by Lower Lows on H1. Currently there is two time prices rejection on SBR Zone (0.358 FIB Level). Which is right below Supply Zone around 2.6300 $.
This also show there is Liquidity Pool between that area.
The Possible Exit is at:
- Minimum Exit : 2.3000$ (1.618 Fibs)
-Target Exit Zone : 2.0830$ (2.618...
My TA analysis for next week.
Daily Timeframes : BULLISH.
Current Direction of market is BEARISH. (short term)
Chart Pattern : QMP Setup (Sell) + QMP Setup (BUY)
On this BIG Ranging. At Current setup is still bearish movement because price have break 2 H1 SUPPORT.
For next week, watch what pattern form on lower timeframe (M15,M30,H1) at H1 Support....
Here is my idea by using SNR and SND. (Only fresh break)
Chart Pattern : Possible Head and Shoulder (HNS)
If there is Double bottom formed on H1 for today then HNS is Possible targeting Resistance zone around 1806.00. Which also there is Supply order block.
If the Supply exceed the demand in the zone then the next target possibly back to previous BUY...
LRC looking Bullish since it already got rejected twice at a current 50 Daily EMA. On H1 chart the price consolidates around Daily Mid BB (2.2690).
Chart Pattern : Bullish Flag
The price need to close above 2.2690 to continue it bullish momentum targeting 2.4000.
If the bulls is strong ,the next destination is around 2.7235.
If the Bulls fails to close above...
ENJ looks bullish since it already got rejected above 50 Daily EMA at 2.7450
Chart pattern : Bullish Flag.
The price have to Close above 2.9800 to continue it Bullish momentum.
If it fail, it will continue Bearish targeting 1H 50% Fib retracement at 2.5650.
Just my opinion. :D
Wish you all have a nice day. Hope this would help.
A quick analysis by using SND, SNR, and higher timeframe shadow rejection (a quick scalp in and out).
Patient for the price to get into the zone.
Put a small lot size pending order just to test the market at the bottom of the zone (sell limit) / top of the box (buy limit).
Cuba try test, hahaha. Peace.
