Hi everyone !
Like everybody know, we're very close to the key support level of Februrary 2018. If we break it,we will certainly have a
huge price movement to the downside... BUT according to the course of events, this downside movement
could open the door to a reversal in the market...
In this chart i extrapolate what could be this move. Of course it has'nt to be exactly like this but it must follow 3 simple rules:
1: False breakout
2: Big volumes
3: Closing two days above the 21 moving average to validate.
P.S : Carrefull ! when this type of moves happens, it's not necessarily meen that the correction is over (even if the false breakout often occured at the end of a correction)
It may just be a reversal for a few days and then the dowtrend start again...
(by the way sorry for my english, i'm french)
Hope it helps,
bye :)
Like everybody know, we're very close to the key support level of Februrary 2018. If we break it,we will certainly have a
huge price movement to the downside... BUT according to the course of events, this downside movement
could open the door to a reversal in the market...
In this chart i extrapolate what could be this move. Of course it has'nt to be exactly like this but it must follow 3 simple rules:
1: False breakout
2: Big volumes
3: Closing two days above the 21 moving average to validate.
P.S : Carrefull ! when this type of moves happens, it's not necessarily meen that the correction is over (even if the false breakout often occured at the end of a correction)
It may just be a reversal for a few days and then the dowtrend start again...
(by the way sorry for my english, i'm french)
Hope it helps,
bye :)
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.