popesalmon

popesalmon Updated 

Plotted an extrapolation anchor points and applied Newtonian reaction space which predicted reversal. And happened to be a hybrid fractal candle. Placed my stop loss and fractal candle and take profit at around 50% Fib retracement. Not going down to the wash line as it's too far and I don't feel comfortable.

popesalmon

Placed a short as the volatility reduces and currently rejected. Above is also the ignition zone which I believe is still in effect and will push the price down to the targeted zone.

popesalmon Updated 

Have not really relied on support resistance and trend to solely trade, but this is my position

popesalmon

The pitchfork is angled for a long, and seems to be the beginning of a rally. I am not an expert at reversals but using the information provided by the Ichimoku, with the current bar most likely closing above the cloud and a clear headroom for Chikou span, I am looking to potentially ride this trend (if it happens). Placed by stop loss where Kijun and kumo cloud rests at.

popesalmon Updated 

Multiple timeframe analysis using Ichimoku indicates that the price is entering a long trade. Placed my order too quick instead of waiting for the candle to close for a clear picture. Risk/reward is 2:1, not the best but looking to extend it if Ichimoku agrees.

popesalmon

My conclusion came from the fact that the buyer is exhausted as seen the continued LH, the Ichimoku indicator also suggests a downtrend. Placed my order as shown in the chart. Looking for a 3:1 risk reward down to the ignition zone which I believe is an important Support/resist level.

popesalmon Updated 

Assuming there's Hargopian rule on this reversal, I am looking for the price to hit roughly around EMA200 + Median Line to see where it will go next. Kept my Stop loss just beneath Pivot, Also with the RSX and Stochastic, both are indicating a shift in vector.

popesalmon Updated 

Went for Long on this, confirmation by multiple failed attempts to cross over the rejection of both Pitchfork and support line, while also the Kijun-sen has been lagging behind only puts the cherry on top.