CMT reversal levels

1 thg 6, 2018

CMT is expected to hit resistance in the channel. If it breaks through confirmation of reversal at the green line. If it is rejected will see it go down to the red line before trying again.

5 thg 6, 2018

Ghi chú

We have now broken above my breakout level if this holds will be a confirmed reversal and a new upward trend.

5 thg 6, 2018

Ghi chú

Here we see the initial parabolic bounce. Until it violates the green line we should see a continuation. Once it breaks the green line we will see a correction and the real trend will reveal itself. leave a like and a comment good or bad!

5 thg 6, 2018

Ghi chú

we have broken parabolic advance. Now it is time to wait and see where the support level is to determine the upward trend channel.

5 thg 6, 2018

Ghi chú

My guess is we will bounce off of the ema (blue) but I will not trade this before a confirmed bounce and establishment of the upward channel.

5 thg 6, 2018

Ghi chú

If we go so low as to re-enter the downward channel then the entire break out is a fake one. At that point we will see a lower low and retry to escape it at another time.

5 thg 6, 2018

Ghi chú