Three Rising Valleys
Long only will be possible if support at 8000 holds. (Strong psychological support)
In a bear market, the performance is about what you would expect from a countertrend breakout. Throwbacks occur in nearly two out of three trades.
Dope volume confirms the pattern
Interesting thing - on this pattern, BO on light volume performers better then heavy, if Bulkovskiy doesn't lie us.
Target = HH + HH-LL = 8600 + 8600 - 7200 = 9800
Biggest picture is inverted head and shoulders.
But 4H RSI still shows bearish divergence.
1H RSI shows hidden bullish divergence.
Trading Strategy: If i see it smashed 8000 level - i go short to 7000 level. If it holds and form fractal - i will go long to 9800
In a bear market, the performance is about what you would expect from a countertrend breakout. Throwbacks occur in nearly two out of three trades.
Dope volume confirms the pattern
Interesting thing - on this pattern, BO on light volume performers better then heavy, if Bulkovskiy doesn't lie us.
Target = HH + HH-LL = 8600 + 8600 - 7200 = 9800
Biggest picture is inverted head and shoulders.
But 4H RSI still shows bearish divergence.
1H RSI shows hidden bullish divergence.
Trading Strategy: If i see it smashed 8000 level - i go short to 7000 level. If it holds and form fractal - i will go long to 9800
Nota
Short Trade active. Stop loss - 8200Dagangan ditutup: hentian tercapai
Nota
Nota
This guy is awesome at his analysis and he can help us to understand how trade nowNota
<deleted>Nota
I will go short on break of this broadening wedgeNota
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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.