ECOFIRS: Filter 3 appeared.Filter 3 appeared at DTF. At lower TF M15,30, H1 and H2 also appeared. It indicates a strong breakout signal with price and volume confirming the upward momentum.
Today failed to break 0.37 (strong resistance referring to Gann Chart). If breaks 0.37, it more likely to create new higher high. Next resistance is 0.395 (52WH). TAYOR.
ECOFIRS trade ideas
ECOFIRS form beautiful tweezers bottom formationGann Support: 0.37/0.34 | Resistance 0.40|0.43
Current price near the resistance. Target price after break the resistance is 0.43.
Tweezers bottom pattern form last week which indicates possibility of bullish trend.
Based on MACD analysis, buy before or on overlapping of the two lines.
Analysis based on my hope only. No need to trust this analysis.
An Uptrend Momentum Pattern!The candlestick body indicates the price is in an uptrend pattern towards the next price resistance MA20 line.
The RSI index indicates a strong gain momentum towards the indexes 50.
MACD indicator indicates a divergence pattern hence confirming the price momentum towards the next price resistance.
Let's ECOFIRS in WL and watch out for significant price momentum with volume towards price resistance.
R 0.420
S 0.345
