4070 trade ideas
4070: Analysis: Two situationsAs you see on the chart we are not in a real trend. It will look like a trading range situation. That is to say a balance between buyers and sellers. However, if the resistance line and the vwap are forcefully broken by a large green candle and followed by large green volume we would have a good chance of having a nice uptrend. On the other hand, if it is the support line that is forcefully broken by a large red candle and followed by a large red volume, it means that we must prepare for a heavy decline in the market.Thanks!
Tihama Update - Buy & Follow the Fibonacci Levels-For Tihama the good thing to do is to follow the Fibonacci extension to well measure the extension of the current bullish move, so normally we should close at the level 63,09 or 64,64 and you can see that it match up perfectly with the resistances, but what is more logical in my opinion is to close at 63,09? SO STAY IN YOUR POSITION