Howdy!
How's it going?
Weirdo markets right now in my opinion.
But there's always a market we can play.
Let's see what we have on Crude Oil:
Isn't that price behavior wonderful?
The max. excursion line marks the upper resistance on the weekly time frame.
Go, watch crude on the weekly. There's a observation to make, right at the top of EACH of these turning points. Tell me what you find ;-)
Now, since we have identified the upper extreme (we have a high probability that it IS the upper extreme for now), we can look for a trip to the south = shorting the market.
Five signs as a filter:
1. a tiny H&S
2. break of a short term TL
3. break of the RSI
4. divergence of the AO
5. second cross of the MACD
I really don't need more to short this market ;-)
Don't forget to let me know what observation you made on the weekly.
How's it going?
Weirdo markets right now in my opinion.
But there's always a market we can play.
Let's see what we have on Crude Oil:
Isn't that price behavior wonderful?
The max. excursion line marks the upper resistance on the weekly time frame.
Go, watch crude on the weekly. There's a observation to make, right at the top of EACH of these turning points. Tell me what you find ;-)
Now, since we have identified the upper extreme (we have a high probability that it IS the upper extreme for now), we can look for a trip to the south = shorting the market.
Five signs as a filter:
1. a tiny H&S
2. break of a short term TL
3. break of the RSI
4. divergence of the AO
5. second cross of the MACD
I really don't need more to short this market ;-)
Don't forget to let me know what observation you made on the weekly.
Dagangan ditutup: hentian tercapai
Ha!For such unexpected situations we remember what stops are fore.
Let's see what happens next.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.