- Market retraces since April 2021
- And now it has hit Weekly Inside Bar support,
- And then forming engulfing candlestick pattern. Low of the engulfing formed another support. Which can also be our stoploss level.
- Market breaks the Resistance 1 quite desicively.
- And then broke Resistance 2 as well.
- This indicates that the Bulls are now back in charge. The trend is about to change.
- Good buy range is anywhere from the Engulfing pattern up to Resistance 1 break.
- Chaikin Money Flow indicator is also below 0 line, signaling it's ok to buy.
This is not investing advice. Please do your own research about the project.
- And now it has hit Weekly Inside Bar support,
- And then forming engulfing candlestick pattern. Low of the engulfing formed another support. Which can also be our stoploss level.
- Market breaks the Resistance 1 quite desicively.
- And then broke Resistance 2 as well.
- This indicates that the Bulls are now back in charge. The trend is about to change.
- Good buy range is anywhere from the Engulfing pattern up to Resistance 1 break.
- Chaikin Money Flow indicator is also below 0 line, signaling it's ok to buy.
This is not investing advice. Please do your own research about the project.
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.