Bullish but no good setup yet

٢٣ فبراير ٢٠٢٠

I see 4 setups with similar R:R, in the order on the chart:
- long from pullback (aggressive)
- short from resistance (almost as good as a long play)
- long from previous support (probably safest bet)
- breakout play (aggressive)

٢٣ فبراير ٢٠٢٠

ملاحظة

Notably we are at 0.618 fib which is significant enough to warrant some more bearish action

٢٣ فبراير ٢٠٢٠

ملاحظة

Likely upside break as very bullish cup price action is formed after accumulation/consolidation

٢٣ فبراير ٢٠٢٠

تم فتح الصفقة

Very small position

٢٣ فبراير ٢٠٢٠

ملاحظة

not a fantastic start :) as the trend line immediately got rejected but see how it goes

٢٣ فبراير ٢٠٢٠

ملاحظة

Correction: I meant the price got rejected by the trendline :)

٢٣ فبراير ٢٠٢٠

ملاحظة

there she goes

٢٣ فبراير ٢٠٢٠

ملاحظة

hard push back from bears

٢٣ فبراير ٢٠٢٠

ملاحظة

The hourly close is ominous but sticking with the plan, its a small position anyway.

٢٤ فبراير ٢٠٢٠

تم فتح الصفقة

My SL was actually not hit as the Stop (yellow) did not trigger the Limit order overnight.

٢٤ فبراير ٢٠٢٠

ملاحظة

New resistance is at 9990, but price action and momentum remains bullish

٢٤ فبراير ٢٠٢٠

ملاحظة

Also notice the turning

٢٤ فبراير ٢٠٢٠

أغلقت الصفقة: تم الوصول لوقف الخسارة

Cracked under heavy volume SL hit

٢٤ فبراير ٢٠٢٠

ملاحظة

This will probably go lower, I would probably wait to see 9600s before any new long play.

٢٤ فبراير ٢٠٢٠

ملاحظة

Descending triangle confirms my bias towards more downside

٢٤ فبراير ٢٠٢٠

ملاحظة

Oh boy I wish I traded this short ;)