kaymuswala

kaymuswala

Looking at the monthly chart we were in a short uptrend channel and price broke out to the down side so we are observing price until it reaches the support in the photo above.....any contributions to that analysis

kaymuswala

Looking at the monthly chart we were in a short uptrend channel and price broke out to the down side so we are observing price until it reaches the support in the photo above.....any contributions to that analysis

kaymuswala

I'm I wrong please correct me if I'm wrong We look like we hit a very strong support level in the 1hr Tf and an bullish engulfing Was formed at the zone

kaymuswala

Was expecting an engulfing candle at the lowest low but It formed a wick hence showing that sellers were still in the market...so we wait for another sign or confirmation before assuming that market is bullish.

kaymuswala

Please take note I'm new to this so your ideas will be mostly helpful am thinking of going long on this chart just waiting for confirmation