KNC REVERSAL
After seeing a huge dump in the market, KNC may see a reversal (double bottom)
Why you ask?
the market just wen over sold and the first bottom has been created but that isn't a sufficient reason to open a long position.
That's why I'm waiting for the price to get back into the purple rectangle and close above it plus an entry reason(it could be a big green candle or a chart pattern on the lower time frame).
Why you ask?
the market just wen over sold and the first bottom has been created but that isn't a sufficient reason to open a long position.
That's why I'm waiting for the price to get back into the purple rectangle and close above it plus an entry reason(it could be a big green candle or a chart pattern on the lower time frame).
Order cancelled
the 4 hours candle closed below the rectangle so the double bottom is no longer valid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.