Hi friends, I hope y'all are having a profitable week ;)
Today, we have a 2 possible short-term trades that will build up to medium-term trades after the price has bullish broke and retested the (Possible) Mini Weekly Neckline. I got these trades signals from the weekly and monthly. The weekly expects bullish retests on the 2nd Weekly Key Lvl (that was previous broken and not retested) and 8 m.a (that wasn't retested by the first level to confirm the trend-continuation to where the price is at right now - on level 2). The monthly, on the other hand, expects a bullish on the huge double top neckline and on the 50 m.a and bearish crossed short-term m.a's; the patterns accumulation phase bullish reversal candle or reversal pattern will counter-trend to the targets. With that said, let us take a look at how the bulls and bears might behave in triggering our trades and not.
Bulls: -If the price bearish spikes the 8 m.a with a bullish candle formation or reversal candle pattern close (1st signal) that leads the price to bullish break and retest the 4H Neckline (2nd signal), according to the 4 hour: the pricen will be in prep to rally for the half a bats L2 & L3 and 200 m.a; and according to the daily: the price would be in prep to rally for the triple bottoms neckline and 50 m.a as the 1st targets, so once that happens, then we should BUY!...(E.1 & E.2)
Bears: -If the price bearish drops to break and retest the 1st 4H Key Lvl together with the 8 and 50 m.a's (1st dis-confirmation) and proceeds to break and retest the 1st Monthly Key Lvl (2nd dis-confirmation), that will tell us that our trades are invalid, hence we won't take them.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji-2k1.
Today, we have a 2 possible short-term trades that will build up to medium-term trades after the price has bullish broke and retested the (Possible) Mini Weekly Neckline. I got these trades signals from the weekly and monthly. The weekly expects bullish retests on the 2nd Weekly Key Lvl (that was previous broken and not retested) and 8 m.a (that wasn't retested by the first level to confirm the trend-continuation to where the price is at right now - on level 2). The monthly, on the other hand, expects a bullish on the huge double top neckline and on the 50 m.a and bearish crossed short-term m.a's; the patterns accumulation phase bullish reversal candle or reversal pattern will counter-trend to the targets. With that said, let us take a look at how the bulls and bears might behave in triggering our trades and not.
Bulls: -If the price bearish spikes the 8 m.a with a bullish candle formation or reversal candle pattern close (1st signal) that leads the price to bullish break and retest the 4H Neckline (2nd signal), according to the 4 hour: the pricen will be in prep to rally for the half a bats L2 & L3 and 200 m.a; and according to the daily: the price would be in prep to rally for the triple bottoms neckline and 50 m.a as the 1st targets, so once that happens, then we should BUY!...(E.1 & E.2)
Bears: -If the price bearish drops to break and retest the 1st 4H Key Lvl together with the 8 and 50 m.a's (1st dis-confirmation) and proceeds to break and retest the 1st Monthly Key Lvl (2nd dis-confirmation), that will tell us that our trades are invalid, hence we won't take them.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji-2k1.