On the daily we can see price has pushed into a daily DBD level and is starting to reject. On the lower tf (1H), we have a level of demand that pushed into the daily level which is now broken. A 1 Hr supply level was created which is the origin of the move that broke the 1h Demand. A pull-back into the 1h demand is what i am looking to go short, just keep in mind...
You can see price has moved away aggressively from a Daily demand level (lower blue box), which is also a H4 Rbr. It was able to break a pivot/supply (dashed line- dbd) which to me shows bulls in control. A new daily demand level was created. If price decides to come back down to it before it reaches the top supply zone, ill be looking to take this long. Price...
I believe we are beginning to see the beginning stages of a break-down in oil that would have it trading around mid 40s soon. On the daily tf, we can see a series of lower-highs created, with this last leg showing compression into a fresh daily level of supply (top grey box). A nice bearish engulfing candle was created last friday off of that fresh supply zone...
Longer term bull trend established with a series of higher low/ higher highs created. I believe it has broken out of consolidation since the wicks to the upside on the daily has been consumed. I will be looking at a pull-back to the daily demand level (grey box area), where I will be switching to a lower time-frame to watch the market structure and look for a...
We are beginning to see bears take control as Demand level (white box) has been broken. I'm expecting a bounce in either of the two middle blue boxes, back up to the top supply zone where i will be switching to a lower time frame to confirm and find an entry to take this trade all the way down to the bottom blue box.
Alerts set right above demand zone where I will be switching to a lower time frame to find confirmation on entry. No blind buying here, always wait for confirmation.
LTCUSD possible pathway. Accumulation zone for long term holds around 110-125 area.
Rejecting and fighting between the daily 100MA and 200 MA. Inside day. Can play both ways.
Double inside day on power earnings gap. Looking for break above to confirm follow-through.
Not saying it will dump, but next area of short interest will be around 286-287. Careful with longs at that level.
Awaiting weekly close with volume above consolidation area for possible swing long..2-3 months out.
Possible path. Break above last Friday's high with hourly close and i'd consider a swing long.
only basing this on volume. Buyers on the 15th are now trapped and losing money.