SKBSHUT 1D - Potential price movement analysisY wave, target (F) within stipulated range. Price still above up Kumo, if there is a strong momentum and the occurrence of a golden cross, then the potential for the price to continue upward will occur. The price needs to break turning point (B) and 52w high to reach the target price.
R1 - 1.00 (Kijun sen)
R2 - 1.06
R3 - 1.20 (52w high)
S1 - 0.915 (Senko span A)
Note:
1. Analysis for education purposes only.
2. Trade at your risk.
SKBSHUT trade ideas
SKBSHUT (Contraction Pattern)- Price movement range contracting
- Volume spike testing resistance
- Volume profile as support
- End of 12345 in consolidation - Will identify direction soon???
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
SKBSHUT form a morning star patternGann Support: 0.34/0.31 | Resistance 0.37|0.40
Current price near the resistance. MACD almost overlap.
Technically, a morning star has form yesterday but price might drop today due to Friday effect.
Hopefully can break the first resistance and become bullish next week
Analysis based on my hope only. No need to trust this analysis.
