Renewing daily new highs (ATH)...
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(GCL1! 1M chart)
GCL1! is renewing daily new highs (ATH).
It is not easy to analyze or trade these stocks.
Since it is supported and rising near the right Fibonacci ratio point of 1 (2828.6), there is a possibility that it will rise to the Fibonacci ratio range of 1.618 (3395.3) ~ 1.618 (3457.6).
However, since it is a state where it is not strange to fall at any time, you should think about a countermeasure for the fall when starting a transaction.
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(1D chart)
Most chart analysts explain the current chart analysis by substituting issues other than the chart.
If you get used to this method, you may find issues other than the chart first without looking at the chart and analyze the chart while being obsessed with your subjective thoughts.
If you do that, you may analyze the chart in the wrong direction because you will interpret the chart with your subjective thoughts instead of looking at the chart as it is, so you need to be careful.
When analyzing charts, you must first look at the chart and analyze it, and then look for issues other than the chart when you have time.
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In order to trade a stock that is renewing its ATH, you should check for support when it shows a downward trend and start.
However, since it is renewing its ATH, there is no support or resistance point to check for support.
To compensate for this, we use the 5EMA+StErr indicator and the Price Channel indicator.
Therefore, when the price falls and touches the 5EMA+StErr indicator or the Price Channel indicator, you can find the trading point depending on whether there is support.
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(30m chart)
You can trade when it breaks out of the section made up of the Price Channel indicator or the box section made up of the HA-High and HA-Low indicators.
Of course, trading is also possible within the box section.
At this time, you should be careful that the trend can change when it passes the MS-Signal indicator.
When you touch the 5EMA+StErr indicator on the 1D chart, you can check whether there is support and trade.
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Thank you for reading to the end.
I hope you have a successful trade.
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Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
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.