TRX - MMXM - weekly rejection into expansion?
Long-term Perspective:
previous week candle shows clean rejection which shifts the draw on liquidity to the downside.
Previous Swinghigh shows a CHoCH Pattern. With this information in mind price coul start an expansion down IF price creates a lower high here. Weekly Open is THE level now for my Bias
Intermediate-term Perspective:
hourly shows sign of distribution by printing lower high distribution price action. prettcy difficult to get an precise entry here which why I suggest to enter based on invalidation. The Invalidation should be previous weekly high.
Once price breaks through that grey pivotal S/R area I will look for continuation trades towards the Draw on Liquidity (DOL)
previous week candle shows clean rejection which shifts the draw on liquidity to the downside.
Previous Swinghigh shows a CHoCH Pattern. With this information in mind price coul start an expansion down IF price creates a lower high here. Weekly Open is THE level now for my Bias
Intermediate-term Perspective:
hourly shows sign of distribution by printing lower high distribution price action. prettcy difficult to get an precise entry here which why I suggest to enter based on invalidation. The Invalidation should be previous weekly high.
Once price breaks through that grey pivotal S/R area I will look for continuation trades towards the Draw on Liquidity (DOL)
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.