101 channel's target, if we only bearishly break out
Telah dikemas kini
Simple charting.
First target is usually
the last point price
touched the Trend L.
Second target it the
pullback = width of
the channel
First target is usually
the last point price
touched the Trend L.
Second target it the
pullback = width of
the channel
Komen
We are still below the channel, 2ed day, possible A/ Retest of broken line, then tank more.
B/ Bears trap and we bounce back into the channel.
Komen
Beautiful false break out "Bears trap", we need a confirmation that this is a false break out three days inside the channel will due. Never now, we might go down again !!!Komen
According to John Murphy's Technical book of analysis, we need another day inside the channel " 3 day up or down" to confirm that was a false bearish break out of
the channel and we are back in bull mode. Therefore, today is the day according
to him do confirm bullishness or bearishness.
Komen
Well, we got our third day inside the channel as Murphy's book. This is a legitimate bull move.
Komen
This March's channel is still strong and getting stronger by the day + M2 is getting fatter for sure no updates so far for it.Komen
Now is probably our fourth touch down of the trend, it actually makes it stronger trend line.Komen
Still holding .
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
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.