Why am i interested?
Change in color of bar to Blue.
There was a sell before.
No False bar on top.
CCI is green.
Oscillator 5.35 is bullish.
ATR is 7.84
Bar height is 8.95
so .75*ATR = 5.88 and 2*ATR = 15.68
Now Bar height is between 5.88 and 15.68
So a buy @ 219.8
Target 229,242
Also fibo drawn from 241.15 to 183.7.
0.618 is 219.7
It is near buy price.
Only one problem.
A "V" shape recovery and no false bar
Change in color of bar to Blue.
There was a sell before.
No False bar on top.
CCI is green.
Oscillator 5.35 is bullish.
ATR is 7.84
Bar height is 8.95
so .75*ATR = 5.88 and 2*ATR = 15.68
Now Bar height is between 5.88 and 15.68
So a buy @ 219.8
Target 229,242
Also fibo drawn from 241.15 to 183.7.
0.618 is 219.7
It is near buy price.
Only one problem.
A "V" shape recovery and no false bar
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.