Price has broken the upper trend line and the last resistant zone powerfully. plus we have six consecutive bull candles, which means the market clearly is in a rally. I hope the price continues going upward till the second resistance zone ahead. I think it has enough strength to break the first one easily, however if I see the price struggles breaking the first...
The price has broken a main resistance zone (the purple one), and on the way to the next resistance zone had made a channel and it's the third hit to the trend line. it also has the candlestick pattern confirmation.
I believe after breaking the trend line and breaking the resistance zone powerfully, if the price drops and gives me a buy limit opportunity, I will buy.
I wait for the price to hunt a buy trade, if ever it touches the lower part of the triangle for the third time...
I set a buy limit at the bottom of the increasing channel...
I put a buy limit order at the bottom of the trading range...
breaking the resistance zone and waiting for a pullback
strongly breaking the resistance zone and pullback...
Decreasing channel plus breaking the support and pull back plus kind of head and shoulder pattern...
I thing here we have constant higher high and higher lows... beside we have two support area (horizontal and diagonal)... Also it is MTR . we can expect a rally up to next resistance level. As there are lots of SLs below the previous LL , it may attract brokers to hit the stops so the SL should be well bellow the previous LL...
I think the resistance line has been broken powerfully and also the descending trend line has been broken. the price is in a upward move and I expect it to touch the next resistance zone no matter how the candlestick patterns look like.
diagonal and horizontal resistance are well clear... I expect it goes down to the next support level. I put a sell limit at 131.00
The support zone has been broken and I would prefer to wait for a pullback to hunt a sell.
I had a sell trade and just got a SL, If it is not a sell, so it's a buy 😂
It's the third time that price is hitting the bottom of the channel.
It could be a fake breakout from the top of the flag, I believe before continuing upward it will touch the bottom of the flag... so I set a sell limit at a good R/R ratio position.
The diagonal and horizontal resistance zone is strongly broken by a full body bull candle and we also see a strong bull trend. I hope the price gives me a good risk -reward ratio buy with a pullback.