While it is to early to suggest, that price is prone to the break-out above 2.60 pivot. It fine to acknowledge this potential, due to favourable price and volume profile.
Notice the prevalence of good weekly closes on a substantial pick-up in volume in comparison with down weeks being on much lesser volume week by week.
It is yet to early to suggest the three weekly lower-lows is enough for the handle in the cup to form, but until price holds 10w MA, I am willing to consider this bullish potential.
Trading thesis: I would wait for the proper pivot to emerge on the daily time-frame (preferably around 2.6 level), before establishing any positions. Although cowboy-type traders may consider any low-cheat pivot around 2.16 area to be actionable with proper risk-management tactics and discipline.
Notice the prevalence of good weekly closes on a substantial pick-up in volume in comparison with down weeks being on much lesser volume week by week.
It is yet to early to suggest the three weekly lower-lows is enough for the handle in the cup to form, but until price holds 10w MA, I am willing to consider this bullish potential.
Trading thesis: I would wait for the proper pivot to emerge on the daily time-frame (preferably around 2.6 level), before establishing any positions. Although cowboy-type traders may consider any low-cheat pivot around 2.16 area to be actionable with proper risk-management tactics and discipline.
Делюсь опытом работы на финансовых рынках в личном блоге: t.me/marketartistry
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.
Делюсь опытом работы на финансовых рынках в личном блоге: t.me/marketartistry
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.