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The_Power_of_Price_Action

Price Action Analysis for CPRX

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Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX)  
The_Power_of_Price_Action  
NASDAQ:CPRX   Catalyst Pharmaceuticals, Inc.
Trend Analysis priceactiontrading swingtrading priceactionanalysis
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Hello Traders! CPRX was making a pull back and would expect a nice bounce at the strong support level after a strong bullish reversal candle.

What I did to this analysis:

1. I Draw Major Support/Resistance in Weekly Time frame
2. Find trend - Higher High, Higher Low
3. Find a pullback in price
4. Wait for the Strong Reversal Candle at Support Level

In trading you need to have rules and be strict to it before entering any trades.

Hope you enjoy my analysis and hope you smash the like button
Penafian

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