there are 17 red candles in a row on the heikin ashi daily chart!!!
It is overdue for a reversal and now is a good time to get in at a good price.
RSI is stagnating from going lower.
We have price reaching the last level of major upward thrust, so there should be a bounce incoming from long liquidity sitting at that area and creating a wall upwards. That is the reason that I don't expect seeing a big accumulation here, but you never know. I would say Monday would be the day that we see a big upwards movement.
Also my MFI / Stoch indicator (at the bottom) shows a good buy signal. This indicator is more reliable on the daily timeframe witch this chart IS.
You can see my position taken witch would be a 2.5 RR if it played out.
It is overdue for a reversal and now is a good time to get in at a good price.
RSI is stagnating from going lower.
We have price reaching the last level of major upward thrust, so there should be a bounce incoming from long liquidity sitting at that area and creating a wall upwards. That is the reason that I don't expect seeing a big accumulation here, but you never know. I would say Monday would be the day that we see a big upwards movement.
Also my MFI / Stoch indicator (at the bottom) shows a good buy signal. This indicator is more reliable on the daily timeframe witch this chart IS.
You can see my position taken witch would be a 2.5 RR if it played out.
Nota
The current setup for the last manipulation reversal after price consolidated:Dagangan ditutup secara manual
We have a distribution her on the manipulation of an upper trendline break. Price wanting to go lower here so removing my positions until price gives us more info
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.