https://www.tradingview.com/x/9BgHXA4Q/
K0 is a fake down,
And then, K1 is a fake up.
It is very difficult to take profit at this case.
If the following candles break up the downtrend line or stand upon 0.5fib line,
Another bull run may start here.
If the following candles test the neck line to verify the bear trend or even close below the potential support,
Another bear run may start here.
K0 is a fake down,
And then, K1 is a fake up.
It is very difficult to take profit at this case.
If the following candles break up the downtrend line or stand upon 0.5fib line,
Another bull run may start here.
If the following candles test the neck line to verify the bear trend or even close below the potential support,
Another bear run may start here.
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.