Weekly analysis:
- Huge move up, broke resistance at 160 and instantly went to penetrate 165. Move is too fast without resting
- Topping tail
- Good move down to 1.1 R without much resistance
Daily analysis:
- Nice long topping tail with decent volume
- 2 Huge green candle up not much resistance going down
Intraday analysis:
- End the day with a inverted hammer with decent volume (bearish)
Main concerns:
- Volume on the topping tail candle today is not a stand out volume, just slightly higher compared to average bearish volume
- Counter trend trade, unable to have bigger targets. Stick with 50% retracement to be safe which is about 1.1 R
- Huge move up, broke resistance at 160 and instantly went to penetrate 165. Move is too fast without resting
- Topping tail
- Good move down to 1.1 R without much resistance
Daily analysis:
- Nice long topping tail with decent volume
- 2 Huge green candle up not much resistance going down
Intraday analysis:
- End the day with a inverted hammer with decent volume (bearish)
Main concerns:
- Volume on the topping tail candle today is not a stand out volume, just slightly higher compared to average bearish volume
- Counter trend trade, unable to have bigger targets. Stick with 50% retracement to be safe which is about 1.1 R
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.