oshell

oshell

We are sitting right at the 0.382 fib level, which acts as resistance. We see the same pattern forming as last week. If bulls manage to break to the top, we actually face next resistance at around 9500 which correlates with the 0.5 fib level. If we break to the downside, we should see retest of 8600 and 50EMA on the 4h chart. Let's wait for confirmation and go...

oshell Updated 

we face long term uptrend and fib level at 7250-7400. resistance at next fib level and 50 EMA at around 7900-8000. Entry: 7250-7400 Target: 7900-8000 Stop: 7150

oshell Updated 

Bear flag similar to 01/15/18. If we fail to break 50 EMA again, this will likely break to the downside. Short term target is 8200 - 7975. This is projected target from descending triangle on 1h chart. Also we face bottom of longterm uptrend channel there. We could expect a bounce here. If this level does not hold too, we will retest 6k. Target: 5900 - 6300

oshell Updated 

Descending Triangle + Bearflag. If we break out to the top, be careful. We failed to close above 50 EMA on the 4h already and situation looks similar to 01/15/18. Close above 50 EMA on 4h is bullish. Else keep your bear goggles. Target: 8200 - 9975

oshell Updated 

Entry: 193 Exit: 214 Stop: 183 Potential Profit: 10% Potential Loss: 5%