Long
BUY STELLAR - ABSORB PANIC + NISON STRATEGY SELL TARGETS
BARS A & B ARE THE SAME LENGTH YET...
WITH 4X VOLUME, BAR B COULD NOT MAKE FURTHER DOWNWARD PROGRESS
HOWEVER...
NO LOWER SHADOWS AND REDUCED VOLUME SUGGEST A
LACK OF BUYING INTEREST ABOVE THIS SUPPORT LEVEL
LOSS OF BEARISH ENGULFING PATTERN SUPPORT...
SHOULD CAUSE PANIC SELLING INTO OPERATOR'S BUY ORDERS
ABOVE SIGNIFICANT PITCHFORK SUPPORT LEVEL
STEVE NISON'S PB&J (PULL BACK TO SWEET SPOT) STRATEGY SUGGESTS...
SELLING BETWEEN 1189-1290
PITCHFORK RETURN TO CENTER LINE THEORY SUGGESTS...
SELLING AT 1500
WITH 4X VOLUME, BAR B COULD NOT MAKE FURTHER DOWNWARD PROGRESS
HOWEVER...
NO LOWER SHADOWS AND REDUCED VOLUME SUGGEST A
LACK OF BUYING INTEREST ABOVE THIS SUPPORT LEVEL
LOSS OF BEARISH ENGULFING PATTERN SUPPORT...
SHOULD CAUSE PANIC SELLING INTO OPERATOR'S BUY ORDERS
ABOVE SIGNIFICANT PITCHFORK SUPPORT LEVEL
STEVE NISON'S PB&J (PULL BACK TO SWEET SPOT) STRATEGY SUGGESTS...
SELLING BETWEEN 1189-1290
PITCHFORK RETURN TO CENTER LINE THEORY SUGGESTS...
SELLING AT 1500
Note
BUY: 775SELL T1: 1189
SELL T2: 1290
SELL T3: 1500
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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.