johntradingwick

johntradingwick

Things to Note: 1. Bullish Market Structure- Printing HH and HL 2. Price is consolidating in a narrow range 3. Contraction in Volume 4. Price forming Triangle pattern/Pennant P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk

johntradingwick

Things to Note: 1. Market Structure Intact - Printing HH and HL 2. Currently trading above Highest Weekly close level 3. Price is consolidating in a narrow range 4. BO from the channel can lead to a test of 1.80 region P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital...

johntradingwick

Possible scenarios I am looking at: 1. BO of the flag 2. Drop to swing low and then BO of the flag P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk

johntradingwick

Possible scenarios I am looking at: 1. BO of Ascending Triangle 2. Consolidation before the next leg up to ATH P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk

johntradingwick

Possible scenarios I am looking at: 1. BO of Pennant and test of ATH 2. Break down of pennant and retest of 1.20 area P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.

johntradingwick

Possible scenarios I am looking at: 1. BO and retest of the highest daily close(case 1). 2. Consolidation and then BO(case 2). 3. Drop to the lower boundary of the rising wedge and then Pump(case 3). P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.

johntradingwick

P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.

johntradingwick

P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.

johntradingwick

P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.

johntradingwick

P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.

johntradingwick

Updated 

SHORT below 60.90 LONG above 61.25 Price may retest the trendline before falling down further. Use appropriate risk-reward ratio. Always use a stop loss. P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.

johntradingwick

Updated 

SHORT below 84.50 LONG above 84.71 Price may test the trendline before giving a clear sense of direction. Use appropriate risk-reward ratio. Always use a stop loss. Always risk a maximum of 1-2% of your capital. P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.

johntradingwick

Price is at a critical level. It may break to either side. BUY Targets: 344, 363, 380. SELL Targets: 306, 293, 281. Use appropriate quantity and risk-reward ratio. Always use a stop loss. Always risk a maximum of 1-2% of your capital. P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal....

johntradingwick

Targets: 331, 300, 375 Every pullback must be seen as an opportunity to sell. Long should be opened only above 390. Use appropriate quantity and risk-reward ratio. Always use a stop loss. Always risk a maximum of 1-2% of your capital. P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal....

johntradingwick

Go Long after a rebound from the grey zone. Go Short if the price pierces through the grey zone. Go SHort if the bottom of the channel does not hold. Use appropriate risk-reward ratio. Always use a stop loss. P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.

johntradingwick

Formation of Evening Star on the daily time frame. If the price takes support from the trendline, then you should wait for more price action. Go Short if the price breaks down from the trendline. Price may retest the trendline before falling down further. Use appropriate risk-reward ratio. Always use a stop loss. P.S: This is NOT investment advice....

johntradingwick

Updated 

The market cycle which started in the late March- early April with accumulation, is now approaching it's end with the final markdown phase. Possible reversal may occur here. A new cycle can start here with a new accumulation phase with a plenty of upside potential. On the downside, if it continues to fall then i see a support somewhere around 0.0498. If it...

johntradingwick

Updated 

ICX has been in the continuous long term downtrend since April end and the price has depreciated by 78%. It has been moving inside the falling wedge with a good slant slope which means a great selling pressure. The price has been continuously getting rejected from the basis line of the Bollinger bands.(See the circles marked with Pink colour) Now the price is at...