BTCUSD in Action theorem analysis, this is not advice for investment or speculation.
I have a long bias side to play in H4 or Day time frame by analysis from Weekly time frame that price is now far from Average Price and in weekly time frame have some rejection signal too. Always aware on risk management, understanding technical tools and limitation of its.
I bias short side after close of the last week, this is just perspective and opinion not recommendations for investment and speculation
I see from High timeframe has a divergence signal from RSI and It is go very far away, but actually i dont like to be contralian, but i think this is High reward to take risk and manage risk.
This analysis by 2 trendline that trading by the trend not breaking out the trendline that is the major trendline but trade break out while break minor trendline
From my trendline and market structure analysis price have more probabiliti to go down more and short side is more advantage
From my chart i analyst by the speed line and trend line. Price have action like it will likely to go down for touch down the speed line and if it break or not i dont care, i care that i will short if price and passed down this support and dont get back by Big White Bar above Suport(BWBaS).
THIS IS NOT A RECOMMENDATION FOR INVESTMENT OR TRADING, Netflix stock can short by timeframe day is can be just a corrective wave, and you can check my perfirmance about Elliott wave by my ideas in Tradingview.com too.
From big time frame set index will go down more but i think it is short or maybe medium downside gain so you just have to played in lower time frame for more Reward to Risk Ratio.
AOT Airpot of Thailand, is on a small x wave, that have a signal from CCI about Bullish Divergence for Rebound and continue go down by Small x wave(Complex wave) for continueation.
AOT is on elliott wave exactly is Elliott wave principle, cout by :5 and :3 and i just use by RN Elliott that Progressiev is 5 waves and Corrective is 3 waves.
GOLD on H4 time frame is formed to be a Butterfly pattern that B is on 78.6 of XA and D point in this situation is confluence on 1.618 and 1.272 of XA and BC. Stop loss on 1.618 of XA and take profit on C point price level.
USDCAD is on Gartley pattern that B is retrace 0.618 of XA and now CD is on critical point, 0.786 of XA and my target is on 0.618 REVERSE retracement of XA an stop loss in The head of XA.
So i analysis from low tf for making a decision for a Stop loss price but i make a take profit for the higher time frame from this cause i can make a trade that have a high Risk to Reward Ratio(RRR). THANK YOU.
I am a conditional and Breakout Trader, Breakout is confirmation of price and Conditional of price in the same time and I think in the market that a lot of noise, this strategy is work and awesome!!!
XAUUSD is on Complex corrective and I will follow short If some condition of price that breakout down this price from this picture.
XAUUSD is on my double trading strategy but if it make new low or new high, I just change my stop loss price and optimize for take profit factors.
XAUUSD is on my double trading strategy but if it make new low or new high, I just change my stop loss price and optimize for take profit factors.