NASDAQ on the 4h chart took the liquidity above the previous highs at 13125.
The market tested the 13200 below a previous resistance and created a bearish engulfing candle.
How can i approach this scenario?
The price is approaching an ascending trendline and IF it will break it during the US session i will consider a short order according to the Plancton's strategy rules.
The market tested the 13200 below a previous resistance and created a bearish engulfing candle.
How can i approach this scenario?
The price is approaching an ascending trendline and IF it will break it during the US session i will consider a short order according to the Plancton's strategy rules.
Komen:
moving lower as expected
Komen:
reaching the demand area
Komen:
testing the support area
Komen:
possible lower low
Komen:
1.9% move in the expected direction
Komen:
a bounce over the support