ADPORTS has the potential to change trendADX:ADPORTS getting ready for a leg up and has the potential to change trend. Long to target levels shown on the chart, stop daily close below 5.03 AED.
P.S. Not financial advice, my view only!
ADPORTS trade ideas
RejectionClearly we can see a rejection candle right at the resistance line, meaning still buyers are not ready to take the price any higher. It can come down to retest the support area most likely from here. Or once the resistance is broken we can see some good momentum to the upside. For now its in a NO trading zone.
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Billateral Pattern Identifiedits forming a pattern of
Assending triangle
also
Rising Wedge
Which indicates the movement can happen both ways
If it drops below 5.90 then it will be a confirmation of a bearish reversal
If it goes above 6.50 then it will be continuation of the bullish move
Make entries after 6.50 to ride the bull trend
Not Interesting For now its back in no trading zone, last candle indicates selling pressure and we dont buy when big boys are selling. Let it come to support zone and do its magic. For now stay out of it !!!
Hit like & follow ;)
