Idea is valid until the brown validity zone is taken back by the buyers, triggering the red zone even on M15 means short sign, target is H1 target fibo 200. Careful though, market has fallen a lot, so correction may start any time. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about...
Sometimes it's worth to look at the weekly, even the monthly chart. Especially for day traders. On the major of the majors, the recent move (starting from June 2021) is an impulse on the monthly, that happened to bump into the monthly target fibo 138.2 and almost a very decent monthly breakout from 2002. RSI on seems to be heavily oversold on both TFs. Sooner...
Short trend, nice countertrend, two nice trigger candles... go short. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Remember that trading is a business. SIZE your TRADES according to your risk...
After triggering the primary short trend, there is no stop until 12.000 where there is a weekly north breakout zone. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Remember that trading is a business. SIZE your...
Basically, this market is a no trade for a long time, I guess... definitely between the long and short trigger zones. A lot of stop before the impulse of the primary may begin. I see no opportunity right now, I just publish it because some of you asked for it. Trade safe! ⚪️⚫️...
GBPJPY is taking back the last starting point of the corrective impulse wave, it's heading towards the targets. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Remember that trading is a business. SIZE your TRADES...
DAX is in a short trend for some time, but buyers took back the previous start of the weekly impulse. It's a long sign, however, this is only a move... no trend is built up on the weekly. I assume we'll see a correction of this last weekly long impulse wave, bringing the price back in between the long and the short trigger zone. Then we'll see where it's...
Weekly chart is long, we're in the correction. The steep impulse move up, visible on the weekly and the daily, right into the main long trigger zone indicates possible further longs. Every green zone is either a long trigger zone or level where price may turn, so from zone to zone, I'm looking for long trades. As long as it's valid... which is now until price...
Within the correction, a long wave to ride it here, if the daily doesn't close below the validity zone. But remember, trend is short, so we are trading the correction here... Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST...
DAX reached the inflection zone but hasn't confirmed the turn yet, and the previous start of H4 impulse up has been closed below on H4, so we are in the correction of the correction. It means, lower RR and smaller trade size. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the...
The market made a sharp impulse wave down in June, then it built up a countertrend. A break of this countertrend is valid already, it just thought it would go for another corrective round before... we'll see :) All-in-all, important levels are marked on the chart, the short trigger zone is to be watched closely, and to be modified in case the countertrend...
Primary trend changed recently, supporting the short side. All other comments are on the chart.
COTTON is going south. There was a stop at a weekly technical zone, but it was broken badly, so I assume price is heading south towards the next weekly zone. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Remember...
Price tested the 78.6 fibo level and there was a new high on H4. If H4 closes back the start of this previous small impulse move (13153.8) , an early sign appears to go short. In this scenario H4 turns in the direction of the primary trend, but daily is still in correction, so it's the correction of the correction... Trade safe! ⚪️⚫️...
Let's wait for the ECB and the advanced GDP data from the US, but technically, it's turning... If price stays above the green zone this week, there is a chance that the primary short trend turns long. But it's not there yet... Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the...
The market is in a long trend on the daily that is the correction of the weekly short impulse wave. The waves look nice and leading to a higher correction, green zones are the reaction zones, below the red, primary short trend resumes. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs...
Buyers and sellers are still fighting on the Bitcoin market. No decision has been made so far. Short term moves are there, long and short trigger levels are the daily closing prices of the one before the previous wave. Remember that primary trend is short, so when the weekly zone is clearly broken at least on the daily, it's a nice ride all the way down to the...
As the countertrend has begun on every timeframe, my focus is on long trades. I marked the long trigger zone (that can be moved lower in case further waves down are printed), from where it may be nice to go long in the correction. Targets are corrective fibo levels. Idea is valid until the inflection zone is broken. Trade safe! ⚪️⚫️...