ROOT - Only Goes Down
More of an educational quickie this one.
ROOT is another name that endlessly traps longs, never gets above significant fibs and just goes down and down some more.
But these circled upside pops can be quite good for shorting and an easy ride down.
The gap up shows weakness and on a chart like this there is a very good chance price will collapse back down after a brief pop.
Then waiting for the star shaped candle to close open a short - SL above the top.
Not advice.
ROOT is another name that endlessly traps longs, never gets above significant fibs and just goes down and down some more.
But these circled upside pops can be quite good for shorting and an easy ride down.
The gap up shows weakness and on a chart like this there is a very good chance price will collapse back down after a brief pop.
Then waiting for the star shaped candle to close open a short - SL above the top.
Not advice.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.