(1) Daily Demand zone Broken= Supply > Demand
+ Increase in Volume (Selling) iccw declining OBV
(2) Weekly Demand zone + 2x Legit Renko Support Line
(3) Decending Trendline still Legit
(4) RSI --> Oversold (Demand W Legit for bounce?)
(+) Support at Falling Wedge pattern, weak(?)
Conclusion:
PA ≈ Volume --> Legit move (down)
Price Tgt #1: $3.51 (High) SL: $2.9 (17%)
Price Tgt #2: $3.00 (Low) SL: $2.48 (17%)
Price Tgt #3: Break Trendline + Confirmation
Review=
1. Revisit 'old' Daily Demand
2. Break Weakly Demand
DISCLOSURE: This is a personal trading idea, Not a Trading Advice. This is pure for educational purpose.
+ Increase in Volume (Selling) iccw declining OBV
(2) Weekly Demand zone + 2x Legit Renko Support Line
(3) Decending Trendline still Legit
(4) RSI --> Oversold (Demand W Legit for bounce?)
(+) Support at Falling Wedge pattern, weak(?)
Conclusion:
PA ≈ Volume --> Legit move (down)
Price Tgt #1: $3.51 (High) SL: $2.9 (17%)
Price Tgt #2: $3.00 (Low) SL: $2.48 (17%)
Price Tgt #3: Break Trendline + Confirmation
Review=
1. Revisit 'old' Daily Demand
2. Break Weakly Demand
DISCLOSURE: This is a personal trading idea, Not a Trading Advice. This is pure for educational purpose.
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.