4220 trade ideas
4220 Setup for Long4220 setup for long
1- trend is bearish but reversal is expected
2- next support is at 8 which was not broken since Aug 2020
3- Volume is high
4- Next resistance is at 8.7
5- Entry Zones
-Zone1: 8.2 when bearish trend line is broken and price have retested it.
-Zone2: 8.1 when price reaches to the support
Analysis: Big probability of an uptrend : Bearish ChannelHere we are in a downtrend as you see on the chart. But we will have a big probability of an uptrend if we have the breakout with force the vwap indicator and the breakout with force the resistance line by a big green candle with a large green volume.Thanks.