How to build a case for entry with pure technical analysis
Hi Traders,
I would like to show you how to build a case for entry with a pure technical structure analysis.
- We can see on the chart that price retraces to the 50% Fibonacci retracement
- Then it projected right on the 141.4 Fibonacci as I expected forming a nice Harmonic AB=CD move
- The RSI in entering the extended zone.
- The price entered the Daily demand area.
From that point we can add as much confluences to our score card to put more strengh to the probability of a winning trade i.e dropping down to lower time frame (1H, 15Min) to enter on a double bottom with bullish divergence...
Let's see how the market goes on and will keep update on this one.
Happy trading
I would like to show you how to build a case for entry with a pure technical structure analysis.
- We can see on the chart that price retraces to the 50% Fibonacci retracement
- Then it projected right on the 141.4 Fibonacci as I expected forming a nice Harmonic AB=CD move
- The RSI in entering the extended zone.
- The price entered the Daily demand area.
From that point we can add as much confluences to our score card to put more strengh to the probability of a winning trade i.e dropping down to lower time frame (1H, 15Min) to enter on a double bottom with bullish divergence...
Let's see how the market goes on and will keep update on this one.
Happy trading
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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.