mikereid01

mikereid01

We have trapped price in a triangle and have hit a 618 on fibs. candles indicate a turn around. wait fir a pull back and go long

mikereid01

As everyone knows we have broken a major downward trendline after a fantiastic bear run down to the major support levels. Now we have been trending up and are getting ready for 200-400 move up on larger time frames. A good entry have occured as you see of the fibo 618. This is actually the second clear chance you have to enter. Focus on bullish entries as we move up.

mikereid01

We have a break and a retest. Lets see if we get follow thru

mikereid01

If we follow the intraday trend and we have a nice little opportunity to but up till the next resistance. This gives us a great rick to reward ratio! Happy Trading!!

mikereid01

We have been trending up since May of last year and have finally broke the trendline on the weekly. With a strong move down so far everyone is looking for the retracement point. Im still bearish will trendlines on the smaller time frames are broken. Also not the .618 fib price level as we could go straight down till there before retracing which also matches with...

mikereid01 Updated 

Twins on the day chart signal reversals as everyone knows. If we get a close on the second candle we should see seller come into the market. Also with Wall street coming into the picture on Monday it should be interesting to see what happens. :) good luck trading

mikereid01 Updated 

Updated chart from my other post

mikereid01 Updated 

WAit for restest and take a long position.

mikereid01

Had my eye on this for some time. They are respecting the trendline and gave us multiple buy signals. They have now broken resistance. look for them to march all the way up to PSR EWait for a pull back to support before buying

mikereid01

We have a break on the major trend line so we should be looking for a Long position but we also have a bear flag forming to signal short so well wait and see

mikereid01

We have a breakout of the top resistance and a hit on the Fibo retracement. Im long with a atop below the next trendline.