*** Trade at your own risk! ***
*** Not every idea is also traded by us ***
Hi Traders!
In the following you'll see a Multiple Timeframe Analysis.
It includes a screenshot and afterwards some bullet points.
Monthly TF:

- Price was in a Downtrend --> Big Direction
- Then it pulled back --> Healthy for a Trend
- A consolidation started --> Ready to for a change
- It made a double Top --> shows rejection for higher prices
--> Break of Support + Downmovement is expected
Weekly TF:

- Price was moving down
- It respected a descending TL
- It broke out of the TL
- It makes a Pullback of Down-movement
Two Possibilities:
1) Break of Trendline
Buyers will probably loose their strongest structure for now.
Sellers will probably get a bias to sell.
--> Downmovement
2) Break of Resistance
Sellers will probably get weak.
Price shows that it respects higher prices.
Daily TF:

- Break of daily Support
- Successful Retest is finished
--> Break of ascending TL expected
--> Down-movement expected
H4-TF:

- Market pulled back to retest the Breakout
- It went down a bit and made a Shooting Star Candle
- This Shooting Star shows Rejection for higher Prices
--> Down-movement expected
If you have any questions, another Point of View or anything else to share, don't hesitate to comment!
Thanks and successful Trading :-)!
*** Not every idea is also traded by us ***
Hi Traders!
In the following you'll see a Multiple Timeframe Analysis.
It includes a screenshot and afterwards some bullet points.
Monthly TF:
- Price was in a Downtrend --> Big Direction
- Then it pulled back --> Healthy for a Trend
- A consolidation started --> Ready to for a change
- It made a double Top --> shows rejection for higher prices
--> Break of Support + Downmovement is expected
Weekly TF:
- Price was moving down
- It respected a descending TL
- It broke out of the TL
- It makes a Pullback of Down-movement
Two Possibilities:
1) Break of Trendline
Buyers will probably loose their strongest structure for now.
Sellers will probably get a bias to sell.
--> Downmovement
2) Break of Resistance
Sellers will probably get weak.
Price shows that it respects higher prices.
Daily TF:
- Break of daily Support
- Successful Retest is finished
--> Break of ascending TL expected
--> Down-movement expected
H4-TF:
- Market pulled back to retest the Breakout
- It went down a bit and made a Shooting Star Candle
- This Shooting Star shows Rejection for higher Prices
--> Down-movement expected
If you have any questions, another Point of View or anything else to share, don't hesitate to comment!
Thanks and successful Trading :-)!
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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.
Penerbitan berkaitan
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.