Mulakan
NoCeilingsTrading

Mulitple TimeFrame Analysis IBM Possible Swing Sell

Singkat
International Business Machines Corporation (NYSE:IBM)  
NoCeilingsTrading  
NYSE:IBM   International Business Machines Corporation
Supply and Demand Fibonacci Candlestick Analysis multipletimeframe Bearish Patterns IBM
7
2
supplyanddemand fibonacci candlestick multipletimeframe bearish ibm
  • Monthly
    - a strong downtrend since April 2013
    -price has made and consistently respected the parallel channel
    -there was a huge move to the downside the previous 2 months, and price has rallied the month of april
    -current price is respecting the 50 fib level with 9 days left in the month (could possibly end up closing at the 38 fib level



snapshot


Weekly
-the previous week ended in an indecision candle after a decent push to the upside (i'll take that as a bearish candle, signaling price exhaustion)
-im expecting price to fall to the demand zone and form a double bottom (i'll look to enter a buy there, MAYBE, we'll have to see)
- if a double bottom does form, half of an inverted head and shoulders pattern would be complete)

snapshot


Daily
- a double top formed
- price barely closed above the previous day high with a long wick above showing some bearish pressure.
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.