A head and shoulder pattern I entered at the right shoulder I'm just hoping i made a correct forecast
I am in the 40minute time cart... this is actually a pretty odd move because in the 4-hour time chart, ii's actually bullish who are dominating the market. the small curls signal me that the price will soon drops down plus a double top had clearly been built with a massive low action at the second top. I hope my chart analysis leads to a correct trading...
I saw a HEAD AND SHOULDER pattern the ema 50 is above the 20 its in a down trend plus a massive low on the last 3 candle sticks
DOUBLE BOTTOM and confirmation of SOLID GREEN CANDLE STICK made me compelled to enter the market just hoping this will give profit IN RETURN
upon seeing the building up of double bottom pulus its green confirmation candle stick I am ready to enter in the market
ITS IN AN UP TREND current price is at the the area of support and athe 4 check list that i use in my strategy are all met so I go LONG
I am seeing formation of INVERTED HEAD AND SHOULDER at the daily.. GOING DOWN TO 4hrs to lessen my STOP LOSS and securing even more my target placing a risk/reward of 1:4 I am hoping this will actually make a head and shoulder and wait until reasons for entering into the market when confirmation show up.
A PULL BACK FROM A ROUNDING TOP built plus a massive sell 180 strategy are the reason I go SHORT on this market
An early build up of ROUNDING BOTTOM taking aggressive trade to get more possible profit and a DOUBLE BOTTOM occured with a retracement at the neckline level plus the green cande stick as its confirmation are the reason i entered into this trade. Hope this makes money oh boy risk percentage is cutting my capital significantly if i lose this trade
i saw a round bottom chart pattern plus its in an up trend so i go LONG
the price had broke out and a possible short trade can be done if a price rejection happens when the price retests the support that is now a resistance zone.
There are 3 possibilities to expect around this present structure: 1. that the price will head up and just find opportunities of going LONG. of course we go LONG when we are quite a number of higher highs and higher lows been developed. 2. that this structure is building up somewhat a descending wedge as i have illustraded.. if so just wait until the price breaks...
the chart has shown a downl trend but during this time the current price is not in aa area of value so i will have to wait until such build up of possible candle stick pattern or chart pattern such as double bottom or triple bottom shows up at areas of value.
with the present chart pattern having double bottom the more probable to do is to go long.. but either going long or short can be done depending on what candle sticks will be forming.. but going LONG is more likely to happen it's just a few candle sticks away