dreadhead4_life

dreadhead4_life

Price is currently in a range after a huge drop in price. I believe that price is setting up for a brief retracement before meeting resistance once again to continue the bearish trend to retest the new low that was created. Waiting for the market open to bring in volume and then a break and close above or below needs to happen before placing an entry. This is a...

dreadhead4_life

Gold has been in a range for almost two weeks with price bouncing back and forth between 1867 and 1829 (about 37 points). I think that the NFP report will bring in volume to push price out from this major range and could possibly continue the bullish trend on the daily TF. As long as the level of support holds around 1843 or 1838, we could see more bullish...

dreadhead4_life

Price Rejected a key level of support and has been retracing. As you can see price has been creating higher lows and respecting the current trend. In the short term we could see more bullish momentum leading into this week. This week is PMI and NFP news so this could have an impact on price. It is important to keep in mind that the overall trend on the HTF...

dreadhead4_life

Price has been making its retracement from the low that was previously created on the higher timeframe and is currently in a range. Even though we are currently in a range there is a scalping opportunity for both sells and buys. If price breaks and closes below 32550 it can continue bearish until 32370. If price begins to reject the EMAs, we can continue the...

dreadhead4_life

US30 has been bearish all week with no breaks. Price has been trending down and it looks like there is a possibility that it may continue to do so. Currently price has broken structure and formed a high after breaking a level of resistance on the 30m timeframe. In order for a reversal to finally occur, we need to see price form support along the structure that...

dreadhead4_life

1. Price closed above structure but was rejected by the level of resistance to the left. 2. If the next 30m candle closes bullish we can continue to go bullish to fill the range until the next level of resistance 3. If the candle closes within the range, price could consolidate and get choppy. 4. Sells would only be taken if price begins to break the lows

dreadhead4_life

US30 is currently down trending and has found support. Right now price is in a range, but once broken it can continue in either direction. Wait for market volume open.

dreadhead4_life

Price has been trending bearish so this move up can be a fakeout. We need to see a break and close of resistance to see a confirmation to buy. Hopefully market volume open can provide enough volume to see a bullish continuation

dreadhead4_life

US30 has been trending bearish for weeks and I believe that there will be more bearish continuation. Price is currently ranging after breaking structure to form a new lower low. I think that price is building up liquidity/momentum for the market open before price begins to continue the bearish trend. I and waiting for a break and close of the support level, to...

dreadhead4_life

US30 has broken out of the range and looks like it is currently retesting the level of resistance to possibly create support and then continue bullish. If support if not formed, price can continue bearish to the levels mapped out.

dreadhead4_life

Yesterday price formed resistance and continued to go bearish to retest the low that was created the day prior. I believe that price is currently ranging on the 1hr TF and can break either way. If price breaks and closes either way above or below the key levels, I will look to place a trade along with the market open volume. The overall trend on the higher...

dreadhead4_life

Price has been bearish and broke below key levels. Currently the price is in a range, but a break above can continue to at least the target that is mapped out. The overall trend is bullish on the HTF but Gold has been in a retracement. If price can hold this level of support and break above its previous highs, we can see a continuation to the upside. Considering...

dreadhead4_life

US30 has been trending bearish these past few weeks and has also broken and closed below a key level of structure. This break and close below support on the higher timeframe could be the indicator for more bearish momentum to come. If price begins to form resistance and fails to break above, we can see a trend continuation to the downside to retest the low that...

dreadhead4_life

US30 is currently in a range but a clean break and close out of the range during the NYSE open can lead to a quick scalp trade opportunity. The market volume open can push price either to the upside or downside for a scalp trade. I am in favor of the bears due to the overall time, but I am still mindful of the major level of support below. Price could go bearish...

dreadhead4_life

US30 looks like the bullish trend will continue. Price has broken and closed above resistance with multiple candles as confirmation. If price begins to pullback and form support along the previous level of resistance, we can expect for the bullish trend to continue. Since we are currently at midday, you can anticipate for this move to happen towards the market...

dreadhead4_life

US30 is currently in a huge range on the higher timeframe but there are some quick scalp trading opportunities within this range. Overall price has been bullish but this past week we have had a pullback. If price fails to break and close above resistance, we can see some more bearish continuation. Waiting for the market open to bring in volume to push price either...

dreadhead4_life

US30 has been trending bullish all month last month and the candle closed with a retracement. There is a possibility that price may range since this is the first week of the month, but there are some scalp opportunities. Considering current market conditions, a low has been formed on the 1 hour timeframe and price failed to break above resistance and formed a...

dreadhead4_life

Today is the close of the monthly candle so price could continue to range. We have been in a 200 point range and haven't really made any major moves. It will be interesting to see how the monthly candle closes. Overall the trend is still bullish and it looks like price has taken a break from all of the bullish momentum throughout the month. If price respects and...