I don't know what pattern it is. But it looks familiar Checkout my recent analysis in link to related ideas. We are pumping.
This pump will gonna be wild. Look at the volume on 1 Hour Chart, I don't have volume here because I've reach the limit of indicators. Check also my analysis on the link to related ideas last week.
It's just basic support and resistance and I think we find a support. It has good risk to reward ratio.
I'm closing my sell position. See the link below. I'm buying this one. I found that we have possible support on the Daily time frame. Risk to reward ratio is also very good. This is also the best time to trade because weekly timeframe will be closing after Sunday. So it must be volatile. The ADX on the DMI is also weakening and possible to change it's slope...
Going short again. The market makers just liquidated the overleveraged people. 14.5k-15k is my take profit target. Because it has strong support there in June 24, 2019 in Weekly Candle.
We need to break below 101 to confirm the short signal I posted on my WTI Crude Oil (see the related link).
We can see the weakness on the upside because it's hitting January 2002 resistance. Just check the monthly chart, you can see it there. The trendline will be the confirmation if we will go bearish. Just wait to break the trendline and go short. We have long way down.
I recently closed my short position. But what kind of sorcery is this? I’m waiting for buy setup.
Just Short it and set the cutloss according to my chart. Then, wait for the -DI and ADX to crossover in my chart.
Just Short it. Just check the indicators. I'm gonna clean my car. I don't have time to type my analysis. Hahaha!
We are trading on the range. We see that we hit the top of the ascending triangle. DMI still looks bullish but when the +DI and the ADX crosses. This will confirm the short opportunity. This will happen most likely on London or New York Session. I think we will hit the bottom of the ascending triangle and we can break the support.
I'm lazy to type my analysis. Just look at the indicators. Just Short it and pray that it will go down to 10k-15k.
I posted last time long position. but I guest it will be a false breakout
This trade idea is based only on support and resistance. As of now, we are currently breaking out upward on a trendline. Risk-to-Reward ratio is 2:1 but it can go higher. It can break 23,000 level if the upward trend will continue. +ADX is also above ADX so it is also a strong indicator we are bullish in this 4 Hour-Timeframe for the short time.
We can see the price breaks below a major trend line after finding a resistance. We can wait for a pullback and see if it will go above the trendline. If trendline became a resistance, it is safe to say we have a short opportunity to short if goes below the latest low on the daily timeframe. The DMI also looks good and trending upward going above 25 level. If...