current price is still respecting the down trendline clear rejection on 12 & 13 oct candle on D1 , probably completing the Lower High of the downtrend. maybe we will see a down breakout within this week or this few days. i personally will wait for short opportunity and my 1st take profit target will be 168.00 which is the previous low
tesla has been breaking the resistance of the down trendline since 12 june, and remain on the upper side for at least 18 weeks, creating a symmetrical pattern which will end up creating an explosive move at the end of the compressed price, probably price will continue on the long side or alternate scenario will break short. if you wanna ride this pattern,...
The XAU is still on bearish trend based on the weekly, still making clear lower low & Lower high, On the daily trend is making a pull back for completing the Lower High you can still ride the pullback for a short time look for opportunity to go Long on lower time frame H1 H4 wait for short setup after the price breaking the daily trend.
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THIRD TIME TESTING THE RESISTANCE , WILL IT MANAGE TO BREAK, STILL ON BULLISH BIAS
PROBABILITY BEARISH STILL INTACT , WAIT FOR BREAKOUT AND CONFIRMATION
monthly lookout for XAU , bearish move is only retracing from the main trend, still bullish on Monthly, price is approaching previous RBS, Short on a smaller TF is still going but soon end,
MY BIAS IS STILL ON THE UPSIDE , HIGHER TF STILL SHOWING LONG
LOOK FOR HIGHER LOW TO RIDE THE MARKET TO PREVIOUS HIGH
possible up breakout on the area of trendline, be ready to enter on retracement@confirmation of valid breakout, MACD showing some divergence, MACD above +0 there's a possibility of up move , based on higher TF im still bias on BUY,
be careful USDJPY may return to the original trend, wait for the opportunity to sell when the price breaks the trendline, but not so early, wait patiently and look for confirmation, already there is a divergence in price, but it may be temporary, it is possible,
TSLA might be continuing it's up move after breaking out of the pattern, technical wise, price is still compressed and traded low this few days,
probably continuing uptrend , base on higher TF move
SMALL RANGE WAITING FOR NEWS BREAKOUT POSSIBLE UP MOVE