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Lot of volatility in the market last couple of weeks! Great for trading - don't get hung up on hunches or trying to catch knives. Trades what the chart puts in front of you!
HK50 broke to the downside but no trigger. Off the list! Bias is now neutral until further notice. May look for another short next week if I get a short trigger at resistance.
Potential setup zones for this week identified.
Long XTIUSD (Crude Oil)
LONG XAUUSD (Gold)
Short UK100 (FTSE 100)
Short GER30 (DAX)
Short HK50 (HSI)
Now to see if we get any triggers!
@mouldcapital 1) Fib Algos are going to be bearish as we get back upto this region
2) Historical supply zone
3) Daily trend - Short
4) Sloped Trendline resistance also broken
FTSE100 (UK100) having a tough time as of late. We are aren't investors - so lets take advantage!
Last week we had a break out of consolidation to the downside. I'm looking for a pullback to the red confluence box for a short entry!
My alarms are set - now we wait!
@mouldcapital I'm not trying to be right - nor do I care if I am. Just looking for a signal to enter - if i get it, i trade - if not, no skin off my back.
Do not get hung up on trying to be right - it will be your downfall Sir
Cant really ask for a better trade - altered my targets and ended up with a 7.7R winner.
Getting set up for the next opportunity - see the zone I'm looking at
C leg in ABC must have 5 legs.
The bullish count here suggests we have just completed a w3, we are currently in w4 & w5 will form a new high & break the resistance trend line.