Pattern: Descending Wedge (Bullish Potential)
Major Resistance: Strong bearish pressure at key resistance level
Volume Analysis: Weak buying volume on recovery, strong selling volume earlier
Market Sentiment: Mixed with a slight bearish bias
Technical Indicator Probability
RSI: Neutral to Bearish (48.57) → 55% Bearish / 45% Bullish
ADX & DMI: Weak trend, bears slightly stronger → 58% Bearish / 42% Bullish
Bollinger Bands: Price at resistance zone → 60% Bearish / 40% Bullish
Moving Averages: Price struggling below key levels → 57% Bearish / 43% Bullish
Overall Probability Estimate
Bearish Continuation Probability: 60%
Bullish Breakout Probability: 40%
Conclusion
Slightly Bearish Bias unless confirmed breakout occurs.
Traders should wait for trend confirmation before entering positions.
A breakout or rejection at resistance will define the next major move.
Major Resistance: Strong bearish pressure at key resistance level
Volume Analysis: Weak buying volume on recovery, strong selling volume earlier
Market Sentiment: Mixed with a slight bearish bias
Technical Indicator Probability
RSI: Neutral to Bearish (48.57) → 55% Bearish / 45% Bullish
ADX & DMI: Weak trend, bears slightly stronger → 58% Bearish / 42% Bullish
Bollinger Bands: Price at resistance zone → 60% Bearish / 40% Bullish
Moving Averages: Price struggling below key levels → 57% Bearish / 43% Bullish
Overall Probability Estimate
Bearish Continuation Probability: 60%
Bullish Breakout Probability: 40%
Conclusion
Slightly Bearish Bias unless confirmed breakout occurs.
Traders should wait for trend confirmation before entering positions.
A breakout or rejection at resistance will define the next major move.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.