CMT reversal levels

1 Jun 2018

CMT is expected to hit resistance in the channel. If it breaks through confirmation of reversal at the green line. If it is rejected will see it go down to the red line before trying again.

5 Jun 2018

Nota

We have now broken above my breakout level if this holds will be a confirmed reversal and a new upward trend.

5 Jun 2018

Nota

Here we see the initial parabolic bounce. Until it violates the green line we should see a continuation. Once it breaks the green line we will see a correction and the real trend will reveal itself. leave a like and a comment good or bad!

5 Jun 2018

Nota

we have broken parabolic advance. Now it is time to wait and see where the support level is to determine the upward trend channel.

5 Jun 2018

Nota

My guess is we will bounce off of the ema (blue) but I will not trade this before a confirmed bounce and establishment of the upward channel.

5 Jun 2018

Nota

If we go so low as to re-enter the downward channel then the entire break out is a fake one. At that point we will see a lower low and retry to escape it at another time.

5 Jun 2018

Nota