hi guys. another good scalping opportunity.
another inverse h&s pattern from 9000!
no need to explain so much.
so this initial up rise will end at 10700~11000 area. that area is daily conversion/baseline resistance, and neckline of the structure.
so very huge chance we drop in a day or two.
it would go to 4hr baseline, at 10000.
there, it will consolidate prepare for big move to 11600~12000 area. if lucky enough, top of the channel at 12.3~5k, but
have doubts about that.
so short term, you can scalp this from 10400 to over 10700 and maybe 10900 area. and you can short this to 10000. that could be good too.
but big move will come from the 4hr baseline at 10000.
so, i might share the big move idea.
open long:10000
close:11500~11700 area or...just 11k(need to see next week)
open sell:11700~12000 area(need to see the move in near future so cannot confirm anything).
target of sell:8k area
we have many resistance at 11000. so this time it will be difficult then before to easily go over. the move can even end soon
we never know. however, the size of the green candle, and how it went over daily 50ma(9980), shows it wants to break the neckline of the structure.
good luck.
another inverse h&s pattern from 9000!
no need to explain so much.
so this initial up rise will end at 10700~11000 area. that area is daily conversion/baseline resistance, and neckline of the structure.
so very huge chance we drop in a day or two.
it would go to 4hr baseline, at 10000.
there, it will consolidate prepare for big move to 11600~12000 area. if lucky enough, top of the channel at 12.3~5k, but
have doubts about that.
so short term, you can scalp this from 10400 to over 10700 and maybe 10900 area. and you can short this to 10000. that could be good too.
but big move will come from the 4hr baseline at 10000.
so, i might share the big move idea.
open long:10000
close:11500~11700 area or...just 11k(need to see next week)
open sell:11700~12000 area(need to see the move in near future so cannot confirm anything).
target of sell:8k area
we have many resistance at 11000. so this time it will be difficult then before to easily go over. the move can even end soon
we never know. however, the size of the green candle, and how it went over daily 50ma(9980), shows it wants to break the neckline of the structure.
good luck.
Comment:
3day 50/200 cross over soon. expect chartings like this.
Comment:
1.open long
10400/450->10700,800,10900, 11000(close long)
stoploss(4hr close below )9980
2.open sell 10800~11000(buy in order) target 10000
stoploss(11450 or 11450/11500 just add here)
3.open long 10000
target 11k
11450~11700
stoploss((4hr close below )9980
4.open short 11450~11700?(not confirmed yet)
target:8.8k/low 8k
stoploss:12.4~5k
5. open long
not confirmed