Coming off the fib on the hourly we have a nice rejection on the 61.8 zone and a continuation down breaking up trend which is about to signal a change of character going to the downside. I am holding this trade down to both TP off the fib which is the -27 extension and -618 extension.
order block sell off the 1 hr engulfing candle. 50% retracement of the candle for a nice sell set up
1 hr order block hit looking to sell all the way down to the 1hr low
were seeing bearish momentum leading into the weekend with a strong trendline break going down. The trendline break was on the 4hr time frame so the take profit is at the major 4hr support level looking to take out the weak 4hr low
brekout wedge pattern on us30 finally broke resistence trendline and will be heading for the next supply zone up. consolidtion around 38.2 on fib retracement
we saw a big movement down on the 4hr time frme which was the result of a trendline break on the 4hr so were looking for a continuation pattern down, which is the bearish flag that is forming and breaking the pendant trendline. which to us is a continuation trade and shoull fall out for the rest of the year
coming from a downtrend the market make a huge bullish engulfing showing sign of reversal and we waited on the pullback to the order block to take a long entry
price is coming to take out those equal lows for a sell and should immediately start buying up for the reverse buy taking out the last highs for liquidity
IMA say your crazy if u think this is going up. But we are on the downside of a trendline break that was going in a uptrend on a daily time frame. This will more than likely drop through the weekend
thursday is a volitile day and the price is currently at the top of the trend line waiting to head back down to the bottom trendline to follow structure
trendline break on the 4hr with a head and shoulders and a continuation head and shoulders pattern off the break where we are entering off the second shoulder in the head and shoulders