Muscenti

Muscenti Updated 

description in chart

Muscenti Updated 

Explanation in the Pic. Gann fans would appreciate. Multiple harmonics support 1.2 Apex and 1.6 DP

Muscenti Updated 

1. Structure (red dotted line) 2. 4/1 Gann Line (2nd toughest resistance) 3. 50% retracement reached of last week's move smack dab at the 4h 100 SMMA 3. RSI If this holds I'm carrying the short till next week. Stop placed at 76.2

Muscenti

Unless I'm wrong of course.

Muscenti

Looking at this from a 4M perspective. I find quarterlys to be an optimal view to analyze long term market cycles and trends. Here's what I'm seeing with my entry points as indicated.

Muscenti

Price bounced off 9200 where the atr meets the 1/1 trendline of August 2015 - it crosses that barrier you need to grab ur longs are start buying at dips till 1.6-1.2

Muscenti

Ignore the noise and speculation, trade what you see: 4h candle above its 100 and 200 SMMA, with hidden bullish divergence indicated by the lower low on the RSI and the higher low on the chart. So based on this, I'm looking at a good re-entry point to add to my long position. I know a lot of people are charting out the big drop, but that's the sort of wishful...