Is this a new "3?"? Short scalp-time? Trading above 43,78 will destroy the short-szenario and will turn the Chart temporarily weak bullish Most of my updates are only up to date for my followers - i mostly update my ideas in the comments, not through another publication - so please follow me if you like to get updated every time! Comments are welcome and very helpful for me - Agree or Disagree.
Former views: Long-Scalp? Simple 1-2-3 Short Scalp?
We have reached the min correction Level 38,2 @ 45,12. Here the sellers waited again. Let`s see if the consolidation will go further up to the max correction Level @45.5$
-Breaking through the illustrated last valid "2" will activate the shown example-shortposition (SL near above the possible "3?", TP= "2?" Update Main View: Today we have reached the 61.8 fibo of the downswing 51,6-39,3 (yellow fibos). The open position is comfortable in the win (+7.25$). At this fibo level a corrective downmove is possible (BBs are stressed out) - perhaps down to the "traders dream" - the 38,2 fibo from the movement ( 39,3-47,04) at 44,82$ - the former breakout level! At latest here the present midterm uptrend in this tf should be resumed.
My Main view is still active!
Main View: Can this be true? Dez 2016: 75$ ??? What do my tired eyes see?? Isn`t it a big bottom pattern in form of an exemplary H&S? The RSI signs, that there is still a bit air on the downside. A dip back to the 38,2 fibo @ 41,92$ would be great. A dip to the 0,5 fibo normal and a dip to the 61,8 maximal. If this level would be bought, a H&S is being formed. Prices above the neckline could interpreted as a BIG LONG SIGNAL. I have illustrated the possible TPs in my chart
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i always would prefer the cyclical BO - in this Chart : entry below the last red "2"
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breaking through the falling ultrashortterm trendline ("3?") could initiate a shortterm upmove to the 61,8 @ 44.27
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traying a Long-scalp - very narrow sl
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fightin with the downtrend..
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SL adjustment
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ok - let`s make the trade riskless!!! SL Adjustment
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If we can trade longer above 43.7 , the double bottom with TP 44.25 is would be activated!!
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sl adjustment
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top-building?
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hitted sl... :( shi.....
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649bruno
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You pose an interesting question. The 15 minute chart I looked at was slightly rising, but the strength of the trend was neutral, not strong. I looked for any new buy fractals on the 15-30-45 minute charts and saw none. When I looked at a one hour, two hour, and then a three hour chart, all had valid sell fractals at 43 even, and the strength of the down-trend (choppiness indicator) was well below 38.2, indicating strong down-trend action is very likely to resume. My best analysis would be an up move to between 44.03 / 44.28. At these points I would search for a valid sell fractal on the 15 minute chart. I would then confirm by looking at phase energy and momentum indicators (rolling over), and CHOP, to see if the anticipated trend reversal was strong, or weak. I enjoy your charts very much. Don.