Panjang
Intention to break the resistance
I do not make predictions beyond the stars, I do not draw arrows indicating that the price will reach the sky, because this is not about being right.
I only work with the information of the now, and I have the humility to accept that I am always one step behind the price and also wrong.
But here I have a situation and is that based in the price action, without falling into arrogant predictions I can notice the intention that has the price to break the resistance line close to 17.00 area. but why a I make this affirmation:
If I look the past resistance level in the 10.00 area this was broken with an considerable intraday gap followed by a bullish day this happened in 09/11/2017
this is called a runaway gap, then a few months later at the beginning of January the price broke a trend resistance line and now the price is confronting a key resistance line (17.00)
Another thing I do not use a rule based or mechanical system but I use moving averages and I interpret they at my way (Discretionary) and they are giving me a bullish signal.
Note:
If in the future the price breaks this resistance level, this does not mean I right.
I only work with the information of the now, and I have the humility to accept that I am always one step behind the price and also wrong.
But here I have a situation and is that based in the price action, without falling into arrogant predictions I can notice the intention that has the price to break the resistance line close to 17.00 area. but why a I make this affirmation:
If I look the past resistance level in the 10.00 area this was broken with an considerable intraday gap followed by a bullish day this happened in 09/11/2017
this is called a runaway gap, then a few months later at the beginning of January the price broke a trend resistance line and now the price is confronting a key resistance line (17.00)
Another thing I do not use a rule based or mechanical system but I use moving averages and I interpret they at my way (Discretionary) and they are giving me a bullish signal.
Note:
If in the future the price breaks this resistance level, this does not mean I right.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.