According to the two high-pressure candles, buying a reversal candle can enter a long trade with confirmation in the 0.23 Fibo area. Because the first area of the supply is completely consumed and the next unconsumed area is the range of $30. Therefore, if approved, it can continue to grow until the next supply area.
Note
By maintaining the $12.5 zone, it can exit the channel or flag and touch its first target.Note
The first target was touched.
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Related publications
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.