JRissa, good find! H&S won't be in play until PA breaks down thru neckline, but meanwhile the short trade you clued us to looks good!
Entered short. No SL and no TP at this time.
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DislikedGU Comment: Bull MMs are pushing down prices to load up on longs. {image}Ignored
DislikedHi TAH. Why do you still think GU is bullish? I´m looking at the 4h chart and I see this: - Double top around a weekly resistance area; - H-L-LH-LL-LH? - PinBar in the first LH (bearish reversal candle) - Posible engulfing bar (bearish reversal pattern) if this last candle close like in the image - Under de dragon - Under de EMA89 Of course I'm not saying you are wrong, I'm just curious about your point of view. {image}Ignored
DislikedNice to see that point of view. I guess tomorrow we will have an answer. I still think it's bearish but the good thing is that I will learn something for sure. Thanks for your analysis!Ignored
DislikedTHIS IS A PREVIEW OF EU The goal is still far away but we should get 30 days of programming. I'm working to get a quick analysis of the trends of 8-10 cross, on which to choose the best opportunities in trend, this is a first draft, I have to turn it down a bit but the timeframe we begin to see something. Then act with Sonic, for operations. {image} {image} {image}Ignored
DislikedAUDCAD Short Trade JRissa, good find! H&S won't be in play until PA breaks down thru neckline, but meanwhile the short trade you clued us to looks good! Entered short. No SL and no TP at this time. {image}Ignored
DislikedEU, Another Price-Volume Analysis Look at the tiny red candle near the bottom of a prolonged drive down of the price instigated by some MM(s). Now look at the volume bar associated with that candle! There can only be one conclusion: the price manipulating MM(s) are extremely bullish, having driven the price down to obtain lower priced longs. {image}Ignored
DislikedA Lesson in Price-Volume Analysis (PVA) I stated in an earlier post.... "The only two "truths" in trading are: 1) MMs move price for one reason, and one reason only,....to increase profits or to decrease losses, and 2) MMs can, at any time, decide to turn around the direction of price movement and take the price to whatever level they damn well can afford, in order to screw others out of money in the process. No indicator, or combination of indicators will ever be able to devine the future decisions made by those who control market prices. Trading...Ignored