This is my first idea so i may be bad at explaining my vision but i believe we can see a huge breakout this week, in most cases I’ve noticed 4 candles in a row usually signal a trend especially if the 4th candle has a reversal to send the momentum in that direction. Friday would've been this day if the pressure followed through in the morning but it was able to hold and convince buyers to get in early then selling off at the end of the day friday to maximize profits, however the final sell was not enough to push the candle red. So I believe in this case that signals a hold of some sort. Given the save on the daily with this small green candle and the pattern weekly has formed ive been able to predict that this week we play around in the 15k area then bring it down at the end of the week to fill this 3 reds candle scenario on the weekly,
So in my opinion I believe we open next week with a sell but only for it to be a trap, we start to paint a red candle for the daily and we reverse closing above where the sell off started Friday evening and in turn starts a massive uptrend for the week and potentially painting the monthly candle green, i don’t really have the best visuals example to show with lines and everything yet so this is just a raw opinion I wanted to share
So in my opinion I believe we open next week with a sell but only for it to be a trap, we start to paint a red candle for the daily and we reverse closing above where the sell off started Friday evening and in turn starts a massive uptrend for the week and potentially painting the monthly candle green, i don’t really have the best visuals example to show with lines and everything yet so this is just a raw opinion I wanted to share
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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.