EFOI - Pullback May Be Imminent
Updated
Description on chart.
EFOI
Follow-up to previous idea.
May present great short idea for pullback to levels indicated within the bright-green dashed lines.
Use risk management and a stoploss, always!
Cheers!
EFOIFollow-up to previous idea.
May present great short idea for pullback to levels indicated within the bright-green dashed lines.
Use risk management and a stoploss, always!
Cheers!
Comment
NOTE: The Green box that reads 'May see a reversal into this zone ' is mispelled :-) AND: I don't mean price will extend to the box itself and where it is on the chart, it only refers to where the dashed lines are, just to clarify. ⚡
Comment
A more detailed view for reference.
NOTE 1: Corrective-Wave - A, has formed shortly after posting.
NOTE 2: Notice the average pullback cluster area in the shaded box, sits neatly on top of a High-Volume node / Heavy Support level.
Comment
BEARISH DIVERGENCES ON OSCILLATORS IN MULTIPLE TIME FRAMES CAN BE VIEWED BELOW -----------------------------------------------------------------------------
⬇ 1HR ON LEFT, 4H ON RIGHT ⬇
⬇ 12HR ON LEFT, 1D ON RIGHT ⬇
⬇ 2D ON LEFT, 3D ON RIGHT ⬇
Comment
First Gann Angle giving directional support and resistance drawn after Corrective Leg A Formed-------------------------------------------------------------------------------------------------------------------
Trade closed manually
Analysis would have been accurate but 1/5 Split occurred
Related publications
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.