dmitry089234

dmitry089234 Updated  Jun 1, 2022

I don't like last 4 bars, the volume and result show us the weakness. Shadows or wicks tell us about the presence of supply. Probably, we are going to test the resistance level first. By looking at the demand volume, I have some doubts that we can overcome the level. That's why, most likely, we might have a correction phase.

dmitry089234 Updated  May 27, 2022

I consider current trading range as an accumulation, since we already have a possible phase C with a Spring event and, even more, we've done a commit above the resistance. Now we can expect a test of demand near the previous resistance level, which has become a support level. If we'd do it, so we can expect a further up movement. Let's wait for the next three candles.

dmitry089234 May 22, 2022

Bears have put a lot of efforts last week, but what's the result? -0,38%? Poor quality volume tells us about the inactivity of CO at the moment, so 'weak hands' have the opportunity to push the price. If we switch time frame to m15, we can see small trading range that can be an accumulation or redistribution as well. So, let's just wait for a phase C. Can we go...

dmitry089234 Updated  May 19, 2022

Just a quick update to my previous forecast. The the logic and structure, I expect to see a new retest of the level @127.

dmitry089234 May 18, 2022

It's a bit early to declare that, but I see some kind of weakness in buyers behavior. If you compare this chart with Gold, you'll see the same inability overcome the previous High(875clp in our case). I'll wait for a confirmation, we have to come back to the blue trading range. The channel marked with green color also could be helpful, so we can be in a phase...

dmitry089234 Updated  May 17, 2022

At this moment it looks like Accumulation model. The Spring event, of course, is minor sign of weakness, but we have already had a confirmation from buyers. I meant higher lows, higher spread, higher volume. So, let's wait for a small(I hope) correction and open a buy orders.

dmitry089234 Updated  May 12, 2022

I started to analyze this chart recently, by drawing trading range 1-1 and here is how it develops. TR 1-1. Looks like a continuation of bullish trend, but there some signs of weakness, like m.SOW and inability to go higher 131+. TR 2-2. Well this trading range also shows some weakness generated by FOMC statement and recent Up Thrust action. I expect to see a...

dmitry089234 Updated  May 10, 2022

Two trading ranges. Both could be an accumulation patterns. TR 1-1. Well, Phase C can be either in an UpThrust or LPS actions. We just need to be patience and see how this trading range develops. TR 2-2. This one also looks bullish, it has a Spring action + test. So we can expect a bullish impulse to complete the pattern. So far we don't have any signs of...

dmitry089234 Updated  May 9, 2022

I still watching the development of this trading range. After the phase A we've seen a minor sign of weakness, but after that the continuation of the rally. I didn't buy because I see some bull's weakness and today we have a confirmation. Next week I expect to see a new test of the support level. And if we can even go lower, I will sell more after the test. By...

dmitry089234 Updated  May 9, 2022

In my point of view, we are in a redistribution trading range. But I need to see some kind of confirmation, like major sign of weakness. Probably we'll have some reaction at local POC level, so let's wait for the European session. Have a great trading week.

dmitry089234 Updated  May 6, 2022

Deadly simply point of entry with a low risk. Probably we are going to test a support level, again.

dmitry089234 May 2, 2022

I have been waiting for a price reversal like all of us, but there are still some problems with that. All attempts to buy - absorbed. The buyers activity with high volume brings 0 result. Daily chart - last Friday was epic fail for buyers. I think we're going to make a new lower low.

dmitry089234 Apr 28, 2022

Just trying to determinate a Phase C in the current Trading Range. Let's wait for some kind of confirmation, sign of weakness or strength to complete the phase C.

dmitry089234 Updated  Apr 28, 2022

I see an reaccumulation pattern in this downslope trading range, it should be confirmed or canceled with higher high and BU action. The local target is 40k+.

dmitry089234 Apr 26, 2022

At the current price structure I've selected three trading ranges. There are 1-1, 2-2, 3-3. 1-1. This price channel is in a Phase B now, and the bias isn't clear for me at the moment. I suppose this is Distribution pattern, but we still have to see some kind confirmation, like a Phase C. I expect that this TR will unfold this week, we could see SOW or Spring...

dmitry089234 Updated  Apr 25, 2022

Over the past 8 hours, buyers have failed to break above the previous high, indicating a lack of buying interest from Institutional participants. Therefore, I expect the development of sells, a test of a resistance zone and again the continuation of sales. According to the cyclical analysis the next week will be: Monday: correction The rest of the days:...

dmitry089234 Apr 23, 2022

Well, right now, I'm not sure that this is an re accumulation trading range. The UT action for now, doesn't tell us a lot. But the volume and Change of Character show us more details. ChoCh to reserve the trend? Maybe yes, maybe no. But, it's a good time to understand where could we go next week and further. I will wait for the end of the Monday to see who...

dmitry089234 Apr 22, 2022

The current trading I'm considering like accumulation pattern. The main reason is Spring type event in a Phase C, and then we had a successful test. Also, take a look at the bar number (1), you can see the absorption of supply - this is an another great signal that the CO maybe would like to test the resistance level, I mean @1965 & @1980 But, to make this...