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
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Short Trade active. Stop loss - 8200
Dagangan ditutup: hentian tercapai
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This guy is awesome at his analysis and he can help us to understand how trade now
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I will go short on break of this broadening wedge
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