VLB - Analysis on price movementN wave with E, N & NT projection.
Currently price is near the edge of upper Kumo, indicating that the stock is at a critical level between bullish and bearish momentum. The Kumo appears to be slightly bullish.
Tenkan Sen is flat, which often indicates a potential consolidation phase.
The price is hovering around the Kijun-Sen, which acts as dynamic support/resistance. It's currently being tested as a support level.
The current movement suggests a potential breakout toward the projected levels (N and E waves).
If price breaks above the descending triangle and NT level (0.580). This would confirm the continuation of the uptrend.
R1 - 0.530 (Tenkan Sen)
R2 - 0.580 (52w high)
S1 - 0.500 (Kijun Sen)
S2 - 0.475 (Senkou Span A)
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
VLB trade ideas
TUTORIAL: SOP For Entry Using Breakout FilterExample : VLB
1. The entry for Long position only.
2. Using TV stock screener, search the counter that the Filter 3 already appeared.
3. We go LONG when the next candle breaks the HIGH of the Filter’s candle.
4. The entry can be made at any timeframe provided item 2 and 3 already valid.
5. TAYOR.
