we have seen the trend line rejected multiple times before. likely to repeat and reverse for a short opportunity.
very new to trading so may be wrong
any advice is appreciated
good luck trading!!!
/CSG
we may see a short term uptrend soon. enter with confirmation and give trade room to breathe as it needs to get past a few levels which may cause for small exhaustion phases possibly stopping you out with a trailing stop,
im a very new trader so maybe wrong.
any advice is appreciated!!!
GOOD LUCK TRADING!!!
/CSG
possible short idea. same u shaped retest occurred prior.
however im a very new trader so probably wrong.
any advice is appreciated
good luck trading
/CSG
VERY CLEAR HEAD AND SHOULDERS FORMATION WITH THE RECENT FIB RETRACE REJECTION FOR CONFIRMATION. AS OF CURRENT THERE HAS BEEN A UPTREND UNTIL NOW WHERE WE HAVE A LARGE DOWNWARD PUSH.
LONG TERM TARGET OF 2800.
IM A VERY NEW TRADER AND PROBABLY WRONG.
AND ADVICE IS APPRECIATED
GOOD LUCK TRADING!!!!
/CSG
THE 38.2% FIB LEVEL AND RECENT SUPPORT ALIGN SUGGESTING THE STRENGTH OF THE LEVEL TO BE ENOUGH FOR A REVERSAL.
THIS IS PROBABLY WRONG SO DONT THINK TO MUCH OF IT.
IM A VERY NEW TRADER JUST DOCUMENTING MY PROGRESS.
THANKS FOR LOOKING, ANY ADVICE IS APPRECIATED THANKS.
/CSG
AFTER RECENT DOUBLE TOP, IT IS UNLIKELY TO SEE A RETEST - OR EVEN NEAR FUTURE BULLISH PRESSURE, AS DATA SEEN FROM A PREVIOUS REJECTION OF THAT LEVEL SHOWS A STEEP DECLINE WITH MINOR EXHAUSTION PHASES.HISTORY COULD REPEAT ITS SELF?
PROBABLY WRONG JUST WANT TO TRACK MY ANALYSIS. VERY NEW TRADER,
FEEDBACK APPRECIATED.
/CSG
