Case study 11 what is happening here 🤔
In this case study we will be looking at the setups that has appeared over last week on the 1 h time frame
To pt it straight we are seeing
Head and shoulder patterns back to back followed by a bullflag
We also have a double bottom
A symmetrical wedge patter. Turned into a decending wedge pattern.
The weekly still showing strong change for a sell
So question is can you trade here
Or is the volitality to high.
Factors is very un specific at this point higher time frames show bears dominate
Lower time frames show almost 3ven between the two.
Could this be because of the second last stand for bulls at 30 000
Wondering how many people entered here and has been holding there position hoping for a rally..
How many on has opened positions here hoping for a rally.
Hmmmmm.
Will we see a rally at 30 000 until the level is broke. We have to consider that there is a possibility
KEEP 5HE BIAS IN CHECK
All info has shown that bears are really in control right now
So let's see how these patterns confirm
Levels to look at is 40 000 for a buy
Below 30 000 and retest for a sell
Well these are the setups on the 1h time frame
Double bottom at 30 000 and bullflag for a buy setup
Back to back head and shoulder patterns with a bullflag failing to break
One head and shoulders retest of neck line and drop
KEEP SAVE TRADE SAVE
To pt it straight we are seeing
Head and shoulder patterns back to back followed by a bullflag
We also have a double bottom
A symmetrical wedge patter. Turned into a decending wedge pattern.
The weekly still showing strong change for a sell
So question is can you trade here
Or is the volitality to high.
Factors is very un specific at this point higher time frames show bears dominate
Lower time frames show almost 3ven between the two.
Could this be because of the second last stand for bulls at 30 000
Wondering how many people entered here and has been holding there position hoping for a rally..
How many on has opened positions here hoping for a rally.
Hmmmmm.
Will we see a rally at 30 000 until the level is broke. We have to consider that there is a possibility
KEEP 5HE BIAS IN CHECK
All info has shown that bears are really in control right now
So let's see how these patterns confirm
Levels to look at is 40 000 for a buy
Below 30 000 and retest for a sell
Well these are the setups on the 1h time frame
Double bottom at 30 000 and bullflag for a buy setup
Back to back head and shoulder patterns with a bullflag failing to break
One head and shoulders retest of neck line and drop
KEEP SAVE TRADE SAVE
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.
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.