Simple reason why you want to long right now.
Is an explanation really needed?
Take note of the inverse H&S forming as well.
And I will say, if you turn on "log" and then redraw the line, you will notice that it gives a cap on the play at around 26400. So if you're still bold enough to hold a long all the way to there, GET OUT THERE!
Take note of the inverse H&S forming as well.
And I will say, if you turn on "log" and then redraw the line, you will notice that it gives a cap on the play at around 26400. So if you're still bold enough to hold a long all the way to there, GET OUT THERE!
Trade closed: target reached
We have reached the target, and the market is shifting bearish. Should see a strong pullback soon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.