🖼 Daily Technical Picture 📈
➤ Price has reached the next level of support after sharp falls. Now we will see the real battle between the Bulls and the Bears.
➤ The Bullish case is quite simple. Price needs to be supported here to form a higher low. The classic definition of a bull trend is the formation of a set of higher highs and higher lows.
➤ The Bears have it much easier. It can push prices down to a new low straight away or allow the price to set a higher low but break that new uptrend soon after. Arguably, the ball is in the Bear's court. Their job seems to be a lot easier with the backdrop of fragile world economies.
➤ My trading signals show the possibility of a short-term bullish move. This may set that higher low. Portfolio sits at +51% long exposure. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
➤ Conclusion: We may experience choppy conditions here so a full commitment long or short may not be ideal.
➤ Price has reached the next level of support after sharp falls. Now we will see the real battle between the Bulls and the Bears.
➤ The Bullish case is quite simple. Price needs to be supported here to form a higher low. The classic definition of a bull trend is the formation of a set of higher highs and higher lows.
➤ The Bears have it much easier. It can push prices down to a new low straight away or allow the price to set a higher low but break that new uptrend soon after. Arguably, the ball is in the Bear's court. Their job seems to be a lot easier with the backdrop of fragile world economies.
➤ My trading signals show the possibility of a short-term bullish move. This may set that higher low. Portfolio sits at +51% long exposure. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
➤ Conclusion: We may experience choppy conditions here so a full commitment long or short may not be ideal.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.