4/27/2024
Daily Chart analysis
Market is All-in-long, but the market tempo would suggest a pause or a pullback
after 4 bull bars. Likely 1 more bar up before a pullback.
Elements to note:
Break of the broad bear channel down, an important component of a possible MTR setup.
Notice the EMA cross and confirmation, usually leading to some sideways, but good foundation
for higher prices.
April 2nd was an outside up bar. There are bulls trapped here,
so sellers above, and this is a price level likely to tested in the near term.
Daily Chart analysis
Market is All-in-long, but the market tempo would suggest a pause or a pullback
after 4 bull bars. Likely 1 more bar up before a pullback.
Elements to note:
Break of the broad bear channel down, an important component of a possible MTR setup.
Notice the EMA cross and confirmation, usually leading to some sideways, but good foundation
for higher prices.
April 2nd was an outside up bar. There are bulls trapped here,
so sellers above, and this is a price level likely to tested in the near term.
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.