Know your risk appetite
Updated
Think of the time when Apple launched its first iPod, iPad, etc . Were you one of the first to go queue for it ?Or you waited some time , letting the early adopters solve all the bugs problem before you jump onto the bandwagon ?
In trading, I have discovered it is quite the same as well. Some buyers are more aggressive and they will buy at the support level (see chart). Others prefer a higher margin of safety and buy after the breakout.
Of course, the green candle can touch the red bearish line and retreat OR it could breakout and continue higher. Nobody knows, really.
In trading, I have discovered it is quite the same as well. Some buyers are more aggressive and they will buy at the support level (see chart). Others prefer a higher margin of safety and buy after the breakout.
Of course, the green candle can touch the red bearish line and retreat OR it could breakout and continue higher. Nobody knows, really.
Note
Looks like my last paragraph prediction came true AND the conservative buyers sigh a relief , knowing they were careful enough. Aggressive buyers ? Do not despair, you are back to breakeven level. Unless it breaks down from 134.569 level, there is still a chance of rebound.Note
135.4 is the strong resistance, having the price action not able to break out from it for 3 times. If you condensed the chart, you would see that price is in a consolidation phase since 8 Apr till now. The support 134.569 is crucial as if it broken down, then it will heads lower.
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.