Resistance above, will keep adding on dips for the long run
Make it or break it zone $IWM, $SPY
Should bounce here. If not, look out below
Avwap resistance right above. Needs volume for break out
Closing above 4.70 will trigger another C&H with PO at 9 area $BOXL
Triangle PO a bit higher. Until this reverse down, markets won't be easy $SLV
Entering supply zone, as it moves opposite to miners $GDX
Still bearish but possible reaction here $GDXJ, $SIL, $SILJ
How to deal with traps using price action Looks like it so far and it's one of the smartest traps we have to deal with again and again in any time frame. As you can see after the Mar 8th candle we got an inside bar (yellow area) with a false breakout of the high-Mar 9th-, with price also closing below upper Bollinger line, meaning that volatility is easing and...
If w4 in, then can run higher towards 4.70-5.00 zone
Megaphone may be tested once more before it breaks $SPY, $NDX
Next hurdle MA10 and possibly upper channel line $GLD, $GC_F
PO at 11.75. Wedge PO at 40 area $EARS
Curious to see where will close this one $EYES
Price closed below mother bar, printing an outside reversal. Currently is supported only by the lower channel line, while is bearish in all timeframes up to quarter. A possible close below 1,680 will probably lead to a violent to the downside move. Only a close above last session's high at 1.741 will provide some comfort to the longs, hoping that price will cross...
At lower channel line for 3rd time, but with a fresh demand zone underneath