Look for classic market structure as we have broken down trend and changing trend to go north. Look for a bounce of 1618
Short/trade with caution, more confirmations needed
As you can see we have a Harmonic bullish pattern with a intergrated pitchfork. The trendline is hold us down. If we manage to get a break im looking to go for small longs in the pitchfork
Look for selling pressure as we have tested 618 a few times
We are stuck in the triangle waiting for the news to hit and give us a clean break outside to give us a clear Direction. Caution use small lots till we get a decision!
We have a clean break now waiting for retest too go long
AFTER CONSOLADATING FOR A FEW WEEKS. WE HAVE FINNALLY BROKE TO THE DOWN SIDE. RESTESTED .618 AND LOOK FOR A FURTHER MOVE DOWN IN THE COMING WEEKS
WE HAVE BROKEN MAJOR RESISTANCE AND HAVE COME BACK FOR A RETEST. THE BULLS ARE WAITING FOR THEIR MOMENT. LOOK FOR A LONG POSSIBLY AFTER SOME CONSOLIDATION
WE ARE GETTING CAUGHT IN A WEDGE ON THE BIGGER TIME FRAME IF WE BREAK BELOW WAIT FOR THE RETRACEMENT AND GO SHORT WE ALSO ARE CURRENTLY IN A RECTANGLE. (POLE TRADE) IF WE MEASURE THE POLE BACK DOWN IT PERFECTLY LINES UP WITH THE NEST SUPPORT LEVEL
Their is still a chance we will see a push to the downside. Use extreme caution and risk management
We have a bounce off the 4hr trendline and great risk reward to go long. Trade already in play. Moved SL to BE and its a risk free trade
We have movement within a nice channel. Expect another peak up before coming down and correcting them making another high.
after the breakout we are looking for a pull back into the 618 and possibly 786
We are in a major downtrend. Also twins on the day chart are giving us more indication of a down move