1. support and resistance spotted 2. support broken 3. support now acts as resistance 4. falling gap from the resistance 5. Use the gap in your trading plan P.S. Trade at your own risk, this is for educational purpose only! Do not treat this as TIPS! TIPS=SPIT LEARN AND EARN YOURSELF .... INDEPENDENTLY
It is at the PRZ of a Bullish Harmonic AB=CD Pattern suggesting a bounce/reversal provided it holds 346. It's expected reversal levels are 390 & 405 AB=CD Harmonic Patterns are derived out of specific Fibonacci Ratios which form parallel running channels appearing in the shape of a thunderbolt.
RSI MACD DIVERGENCE WITH PRICE ACTION how to use
trendline trade examplke
simple support and resistance trade setup
The market makes an impulse then makes a correction before making the impulse again.
GOLD if it manages a MONTHLY "close above $1825" (all time high) it will activate probable targets of $1975 & $2075
It has made a Bearish Harmonic Alt Shark near the trend line resistance. It could retrace till 220, view negates above 238
1. spotted head and shoulder 2. draw your neckline 3. enter on breakout of the neckline 4. incase you missed, re enter on the retest of the neckline 5. draw your target 6. book profits near the target
Hi, Buy above 460 Sell below 427 Which side Trend line(support and resistance) is break, possible take entry that side.. Thanks.