I reviewed this chart the other day, I liked the volume and the trend line confirmation (3 touches). But with the v-rally selling off by about 50% I have my guard up. We're seeing continuously high volume here, higher than the previous visits to the trend-line.
I'm not quite bearish here. But I wouldn't advise a swing entry until we revisit the trend line and prove we can hold it. We closed Friday near low of day, which leads me to believe we'll visit the trend-line either Monday or Tuesday.
If we can hold that level I still like the risk reward.
My line in the sand is a close below $216.88
I'm not quite bearish here. But I wouldn't advise a swing entry until we revisit the trend line and prove we can hold it. We closed Friday near low of day, which leads me to believe we'll visit the trend-line either Monday or Tuesday.
If we can hold that level I still like the risk reward.
My line in the sand is a close below $216.88
Nota
playing out as expected so far. Patience for the bulls, hands off for the bears until we get below that line in the sand at $216.88Nota
Alright, my sentiment has shifted to bearish now that we're below $216.88.
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.