In the next few hours, the market is in a phase of uncertainty that could lead to a period of ranging, which is when prices fluctuate within a specific range without following a clear trend. This scenario is quite common on weekend days, when trading volumes tend to be lower due to the closure of many financial institutions. However, it is important to note that...
Trading is a captivating and intricate field that demands a profound understanding of financial markets, investment strategies, and technical analysis. Among the many techniques employed by traders, candlestick encapsulation is one that can prove to be particularly powerful. In this article, we will explore the concept of candlestick encapsulation and how one can...
Good short opportunities after a Monday of possible contraction of the asset. The last daily candle rejected by a strong supply indicates bearish continuation; the area between the current low and the 50% retracement appears to be an excellent rangebound area therefore contraction zones could be created before the descent. In the event of a bearish breakout, a...
50% retracement is one of the most important support and resistance. By creating the 50% zones it is possible to notice how at each timeframe the bars touch the support or resistance ones. The greater the time frames on which the lines are drawn, the greater the impact in terms of importance on the lower time frames.
After retest the FVG and resistance,waiting for a good long entry
A view about last breakout, waiting for some retest or rejection
(low time-frame) after UT phase I'm expecting another up buying to touch the secondary test as wyckoff model