theselfishtrader

theselfishtrader

Price has been moving sideways for almost 3 weeks within the Dec 4th exhaustive candle range. The sideways action has formed a small descending wedge, which is traditionally a bullish pattern. Yesterday's candle has now broken above AND closed above the descending trendline, which indicates a possible end to the bearish price action. A number of buying...

theselfishtrader

Price hasnt been at these lows since the pre-pandemic crash last March. It is a significant historic low which is also a monthly support level. Its a good price for a stock that will certainly do well in the longer term. For a swing trade, getting in now and targeting range-bound resistance (confluence with 50% fib retracement zone) looks a solid, low-risk play.

theselfishtrader

Price has been bouncing around in a fairly tight (~130 pip) range since the end of Nov. Support at 127.5 has held strong in a confluence zone with weekly support (pink line) Price is oversold at support and has provided a low-risk counter-trend trade opportunity (see chart)

theselfishtrader

Price has found support at 0.896 Price has retraced to the 61.8% Fibonacci level There is confluence with the 200EMA and a previous pivot point around 0.890 Price is likely overbought Watch for selling opportunities targeting the 38.2% Fibonacci level/0.894 support zone

theselfishtrader

Price has completed an AB=CD pattern RIGHT at the 61.8% Fibonacci level Following an attempt to breakout above the past 3-week highs at 1.19, price closed much lower, forming a bearish rejection candle on the weekly (this is also a triple top on the daily timeframe) 4H has already fallen below the 50EMA Look for opportunities to sell $EURUSD until 1.14 (38.2%)

theselfishtrader Updated 

After breaking out above Weekly Horizontal Range Resistance (white line), Price has broken back into the preceding consolidation range. Price has also closed below 61.8% Fib of the swing higher with momentum. I EXPECT Price to bounce here, or at the bullish trendline. THEN Price should find that Resistance at 0.906 (white line) should hold, offering a chance to...

theselfishtrader

Price has consolidated, forming an Ascending Triangle. As Price is above the 200EMA, I anticipate a breakout to the upside and will seek confirmation of the breakout with a close above $42 (orange line). Target #1: ~$45 (Closing the gap down from 6th March lows) Target #2: $50 (Confluence zone of 61.8% from Jan highs + 127% fib extension from April lows)

theselfishtrader

Brent has made a new low and tested the 2001 lows at $16.65, forming a number of dojis Should price rise, there is confluence with the 2016 lows at $27.13, as well as the 50% fib retracement of the recent move lower which I expect to provide some resistance and an opportunity to short this market, with a retest of the lows a very decent target (1k+ pips!)

theselfishtrader

Orange Support line is Jan 2016 low Confluence with 61.8 fib of recent upswing on Hourly tf RSI oversold Should price test and reject the level at $27.40s

theselfishtrader

Price has made a small bullish trend within the recent range (directly after a false breakout) An inside bar has formed right at resistance (4H timeframe) RSI not overbought Both ADX and DMI+ above 25 The play is to take advantage of the likely breakout to the upside *With tomorrow being the last day before the Easter break, it is possible we see very little...

theselfishtrader

Price has tested the range lows and following a poor inventories number made an attempt at the range highs Momentum has stalled, as seen by the inside bars The play is a confirmed breakout of the inside bars/the mother bar high *With tomorrow being the last day before the Easter break, it is possible we see very little follow-through of bullsih price action.

theselfishtrader

Price bounced off the 61.8% Fibonacci retracement level and has been in a steady decline since then. Price has paused at Monthly support (purple dashed line) and formed an inside bar pattern. Whilst the trend is down overall, lower timeframes (hourly and lower) have changed trend. Conservative targets would be a retest of the 38.2% fib level, with a retest of the...

theselfishtrader

After forming an inside bar pattern at range support (Daily timeframe), price is testing the highs of the narrow range candle from last Friday. I expect a short term bullish move higher with some early resistance provided in the zone between the 38.2% and 50% Fibonacci retracement levels (Daily timeframe) and previous support structure at 118.462

theselfishtrader

Crude is of course in a massive downtrend, however since reaching the lowest previous support level (on tradvingView at least!) at $27.345 price has been rangebound. Following the recent breakout to test $30, it has fallen back into the lower range, with another attempt to break out yesterday defended by the bears. Price is close to testing range support levels...

theselfishtrader

Price appears to have started a new bullish rotation with some follow-through after the large outside bar on 1st Nov. Price consolidated and broke to the downside on Friday, which was swiftly and powerfully rejected. Expecting a continuation of the move higher, I am looking for a swing long (as seen on charts), with targets at: TP_1: $64.50 TP_2: $68.00 Both...

theselfishtrader

Price has broken back into an area of former congestion (108.8 - 106.8) and has fallen to test the lower range after a double-top Price action has now stalled and is showing some indecision, forming an inside bar. Trading the break of the mother bar to the downside should see a restest of recent lows (see chart)

theselfishtrader

Price has been halted at resistance (previous swing highs) Two bearish candles, including a doji suggest indecision and bearishness creeping in Should price begin to fall, I expect a test of the 50% - 61.8% fib levels which has confluence with a significant support level (0.62690) Should price test and hold, I will look to get into a long position.

theselfishtrader

Kiwi has double bottomed with no bullish follow-through. Price is grinding away at long term daily support. If support breaks with momentum, then there is a lot of air before the next support level, with a very strong weekly support level at 0.602 (the 161.8 Fib extension level)