The gap that is created newly is at 10575. However we already have a serious price action in the past 24 hours. This means we should see gap in the CME chart by Sunday night.
10575- not Filled
10255, -Not yet
9955, -Not yet
9215 -Not yet
8840 USD. - Not yet
https://www.tradingview.com/x/j6eGdM4m/
This is my entry for the 100DAYSOFTA challenge, Wednesday 5th September 2020.
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I am joining a challenge by a group of traders. The challenge is #100DAYSOFTA. Some of the people in this group have posted on $Youtube, $Twitter but I will be posting mine on Hive.
The convener of this challenge is https://twitter.com/CryptoluXP*
However, the frequency might not be daily but it will be sequential.
Having said that, here is what I have:
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4 hr
Finally we have a short signal and ST has lost the support on the 4hrs. This means we should have some waterfall action in the price. However, we should watch out for a double bottom, that usually indicates an upward move to the price that is the next resistance. As a rule, the next resistance will be where to take a short. The price action might take a while to get there, but this will definite our support and resistance. Right now, Willy is oversold and may start trending upward. Also, we have the wave trend indicator with a red dot.
https://www.tradingview.com/x/J2AVcIgt/
1h
The ST is now short, and the trend is now much in favour of the short. We can see the price action going in that direction. Also, we have the Willy at oversold and also, the wave trend has a green dot which means we have an uptrend soon.
https://www.tradingview.com/x/vinLiyys/
30 mins
As we easily know the change in trend from this TF, we can still see that we have a short strong trend. All attempt to break above has not been fruitful. Therefore, we should keep an eye on when this trend changes so we can appropriately place ourselves. Willy is also at oversold region and we have a green dot on the wave trend.
https://www.tradingview.com/x/FUoxy1Zv/
Extras
15mins and 5 mins charts respectively.
https://www.tradingview.com/x/tfChv0uY/
https://www.tradingview.com/x/4u834itm/
Summary:
4hrs ST is short
1hr ST is short
30 mins ST is short
My Position
It is good to wait for the 4hrs trend before we place a trade.
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