We've had a big spike up, followed by a correction. Now the question is, does the correction end here or further down?
Bulls entering this market, looking to see what occurs. As soon as price continues up a bit i will tighten up my risk in case of a continued pullback further down.
If this trend resumption fails, look for pullback to continue down further before a trend resumption.
Bulls entering this market, looking to see what occurs. As soon as price continues up a bit i will tighten up my risk in case of a continued pullback further down.
If this trend resumption fails, look for pullback to continue down further before a trend resumption.
Note
Coincides with the fact that we had a strong spike, hence our pullback could be shallow as there's a lot of buying pressure with people wanting to get in. Especially on any discounted price they can with a shallow pullback that won't push down lower.Note
Price has been falling in line with the downtrend. Still a potential reversal here for long moves.Note
Next 1 hour and 30 minute candle closing bullish is a very decent buy, with the trend! Note
15 minute candles closing good so far. Need more follow through and break of trendline.Note
1 Hour looking very decent so far. Need more follow through buying.Note
Note
Strong Trend. Breakout Mode. Hold!
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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.