Panjang
US100 Forward to uppside !
After testing the Support line two weekly time frames in a row, it rejected to uppside both times.
In lower time frame such as daily and 4h time frame we can see how it bounces from the support ime, and forming a break to the uppside.
Daily time frame : Has made a W pattern, which is a bullish pattern. And the market has closed as if it has confirmed the break out, Next week we might see a contiones to uppside ( bullish moment ).
4H time frame : confriming the break out to the uppside.
What is the W pattern?
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. ... The double bottom looks like the letter "W". The twice-touched low is considered a support level.
Is W pattern bullish?
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. ... The double bottom looks like the letter "W". The twice-touched low is considered a support level.
In lower time frame such as daily and 4h time frame we can see how it bounces from the support ime, and forming a break to the uppside.
Daily time frame : Has made a W pattern, which is a bullish pattern. And the market has closed as if it has confirmed the break out, Next week we might see a contiones to uppside ( bullish moment ).
4H time frame : confriming the break out to the uppside.
What is the W pattern?
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. ... The double bottom looks like the letter "W". The twice-touched low is considered a support level.
Is W pattern bullish?
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. ... The double bottom looks like the letter "W". The twice-touched low is considered a support level.
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.