Long
Perlin Initiated a Reversal...!
candles squeezing nicely on ma 200 and raised
In the end of downtrend we have a one candlestick pattern named tweezer bottom (marked with blue light)
since when this pattern appears,it means to sellers were not able to push any further.
In case if you enter, you can put the stop-loss below this pattern.
Indicators what show to us :
Precaution Hint :
You can use 38% fibo level to trigger.
"Thanks for your support"
In the end of downtrend we have a one candlestick pattern named tweezer bottom (marked with blue light)
since when this pattern appears,it means to sellers were not able to push any further.
In case if you enter, you can put the stop-loss below this pattern.
Indicators what show to us :
- price passing validly from MA 10
- Higher low confirmed (Backed by MA200 [Yellow line])
- Intersection of "higher highs" with RSI but still neutral
- MACD progressively bullish and breaking the signal line
Precaution Hint :
You can use 38% fibo level to trigger.
"Thanks for your support"
Note
When the price was falling the OBV was also moving forward in an accumulation channel
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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.
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.