We have waited for the market to retrace, we have waited for market to pause, we have waited for market to resume in direction of trend which is bearish. Sells are placed with risk above yesterday high. Now we will wait for market to either reject today bearish momentum or continue with bearish momentum to retest the mid level or the lows of the year.
Been on a retracement in the past week which broke the high of the week before last but haven't changed our bearish expectations, on H4 the market structure has change but as we are patient traders who trade D1 and above we can now expect bears to come in or bulls to over power the bear st that gab that was created last week Monday. We will continue to just...
As we see this bullish rally which started last week, we will remain bearish and wait for bears to come back or bulls to prove themselves Befor we can fully trust them.
We are in a beautiful retracement of a bearish what is expected from a trader it this point just drink your coffee and just wait till bulls get exhausted. Today is second day of jerom powel testimonial, just enjoy the news and do nothing.
We have few factored that are playing major role in directing our view that we still in a very bearish market. 1.We have a zone which was acting as a support and market broke through it. It was tested last week Wednesday and the bears came in harsh Thursday. 2. Last week thursday 16 June market showed great momentum to the downward move after fed released the...
Top analysis, image of the analysis....................................................
The daily timeframe trend has been broken, last week we experienced a range creating the retest of the trend line. Looking to test the high of last week which is the resistance of the range, potential of breaking it
We see a double bottom neck retest on big picture of things, we also see the same set up in smaller time frame which signal an entry meaning on the newyork session we looking to buy into market Always use risk management
Same trade as yesterday, retracement that started yesterday towards newyork close and lasted through today London session forming a descending channel, we just saw bulls coming in heavy Befor newyork open which tells us the continuation of bullish market is on. We also see a nice double bottom from the supply zone that pushed the market up in yesterdays newyork...
Update : we saw a bearish move of 1hour 45 min prior to newyork open. Expected a deeper draw down Before the bulls step in but owel. Take partial profit n lock remaining. See you tomorrow
Thought I should share the bigger picture of the analysis why I'm saying it is a bullish overall we are still in a descending channel. With current push to the supply of the channel.
As discussed yesterday Befor newyork open. Market was faithful to analysis we Even broke the falling channel we were in. Today we can expect the market to retrace to the past ceiling which is our new bottom Befor it continues being bullish London session was continuation of the yesterday newyork bull. Newyork 2day might be bearing for for hours Befor resuming with...
Nas100 has been on a down move for London sessions expecting a bull push up on London open