HIMS: Two situations
On HIMS as you can see in the graph, we are faced with two situations.
It is at the opening of the market that we would know if we would have a continuation of the upward trend or if we would have a reversal of the trend.
So we would have:
1- a continuation of the upward trend when the resistance line will be broken forcefully by a large green candle and followed by a large green volume, you can at this time enter a buying position as soon as the second green candle appears accompanied by a green volume;
2- A reversal of the trend (bearish trend) when the support line will be broken forcefully by a large red candle and followed by a large red volume. Therefore you can enter a sell position as soon as the second red candle appears.
Furthermore, you must wait until all the analysis conditions are met before taking a position on the market.
It is at the opening of the market that we would know if we would have a continuation of the upward trend or if we would have a reversal of the trend.
So we would have:
1- a continuation of the upward trend when the resistance line will be broken forcefully by a large green candle and followed by a large green volume, you can at this time enter a buying position as soon as the second green candle appears accompanied by a green volume;
2- A reversal of the trend (bearish trend) when the support line will be broken forcefully by a large red candle and followed by a large red volume. Therefore you can enter a sell position as soon as the second red candle appears.
Furthermore, you must wait until all the analysis conditions are met before taking a position on the market.
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.