A small inverted H&S on 4H chart. Doesn't indicate a strong reversal, and so the short trade back up to 1760-1770 area.
Momentum looking strong as well.
Since it is a short term trade, there''ll only be 1 target profit.
Disclaimer: Not giving any trading and/ or investment advice. Just sharing my chart observations.
If you have any symbol that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Momentum looking strong as well.
Since it is a short term trade, there''ll only be 1 target profit.
Disclaimer: Not giving any trading and/ or investment advice. Just sharing my chart observations.
If you have any symbol that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Note
doji on the Daily yesterday, and the drop today is not unusual.Still seeing the potential to go 1770 area. However, the Weekly chart could end up as a doji on support. This means the up move could go beyond 1770!
Will evaluate again
Note
Momentum on Daily seems to be gaining. Setup still valid
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.