Welcome to a new month. Looking at the monthly chart we see the average has remained as flat as a tack for the past 6 months, phew! when is it going to break into one direction or the other?
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Dislikedprice reversed at daily bear support, for the rest its all unclear to me price now in a range between h1 ema swing and h1 bear supportIgnored
DislikedThank you so much for your answer Mr Alan <3 Can i ask about the meaning of these numbers: EMA 26, SMA 1, RSI 14, RSI 5, bar 108. Is there any hidden meaning of these numbers : 26,1,14,5 or those are only from your experience sir?Ignored
DislikedQuite a battle being held here at the 50% D1 zone on the 1 hour chart. It is starting to look like a failure to make the average LL. Watch for the bulls finding support. {image}Ignored
Disliked{quote} Hi Mr. Alan, Please help me with this question: What is meaning of ABCD pattern? It's drawn for finding target only or anything else? And after you fingure out ABCD pattern, what are the signals to determine which way will price move, up or down?Ignored
Disliked{image}the way i saw it this morning : - 2bt 1 FO in RRBED H1 and M5 - 2bt 2 price crossed its ema and made bear support - 2bt 3 LO hedge in RRBUD m5 at ema swing - 2bt 4 in RRBED M5 as price failed to take out the ema - 2bt 5 i expected a lot from this one BUD and HD M5, rsi showed bull strenght, and the H1 printed at that point a BUD, all at the ema H1 ZOO; price failed to out the ema and dropped real fast, why?Ignored
Disliked{image}H1 made bear support, next price retested that area in a rsi/rsi bear divergence. Q: the candle after the bear support retraced and closed above the ema, is the bear support still valid after that retrace and close?Ignored
Disliked{quote} No it is not valid since both bars were pointing up, no pivot was formed until the cross over.Ignored
Disliked{quote} Thank you Alan, i thought the support is drawn on the last pullbackcandle's wick of the first pullback after price crosses the ema. So i am wrong in that statement?Ignored