MuMPiTz

MuMPiTz

These are weekly candles. Compound has retraced 80% since its $911 ATH in may 2021, which is a massive discount. Since then it has been forming a massive falling wedge and has become massively oversold on the weekly timeframe. I think now is a good time to buy and personally I'm not going to use a stop-loss, as even if it falls way lower, we would most likely see...

MuMPiTz

This is a weekly chart! If the handle is formed, the resistance is broken and the pattern is validated it will clearly be time to go long. You could also enter now and trade with a stop loss that ends above the upper half of the cup as otherwise it will no longer be a Cup & Handle pattern. Targetpoints for me would be around $800, $1000 and $1200. In regard to...

MuMPiTz

Link is still trading inside an upward channel. Its currently forming a reversal candle on the daily. Risk-Reward ratio is about 1:3. I think its a decent trading opportunity.

MuMPiTz

Hello! I've been looking at the BTT 1-D Chart and saw this massive break-out of a falling wedge in may after a long correction. There had however been 2 falling wedges earlier with a break out of 2 "false" resistance lines. If I had traded the break-out of both of these, the trade would have likely ended in a loss. The 3rd and final break-out of the "final"...

MuMPiTz

Hello! Sorry for not providing any useful content, still a beginner. Just a quick question: Did I draw these FIB lines correctly? Regardless of whethers it's right or wrong: How do you (experienced trader :D) pick the right highs and low according to the chosen time-frame? Another question: Do we best use the Stoch RSI indicator in accordance with the FIB levels...