Long
Daily Price Flip Holds
Last week this market formed a large bearish rejection candlestick.
The key to this bearish rejection however was that price could not move and importantly close back below the recent swing high and new support level.
This was telling because for all of the large sell off lower, the bulls still held their ground.
If this level continues to hold, then we can continue to look to trade with the momentum higher with new long trades.
The key to this bearish rejection however was that price could not move and importantly close back below the recent swing high and new support level.
This was telling because for all of the large sell off lower, the bulls still held their ground.
If this level continues to hold, then we can continue to look to trade with the momentum higher with new long trades.
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.
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.