-Price found support at the monthly/weekly support or demand zone and began it's push up.
-After an extended push to the upside (or bullish pressure), it appears price is preparing to make a retracement.
-Price broke through the daily support level now, I am expecting price to retest this area.
-After drawing a Fibonacci, it appears the 50.0 fib level corresponds with the daily support zone.
-A respect of this zone and level, is where I will look to enter a buy position and set a SL near or below the 78.6 fib level.
-A retracement to his level, will appear to form an inverse head and shoulder formation which is a bullish reversal candlestick pattern formation.
-That formation along with the monthly/weekly support zone serves as 2 confirmations of bullish pressure
-After an extended push to the upside (or bullish pressure), it appears price is preparing to make a retracement.
-Price broke through the daily support level now, I am expecting price to retest this area.
-After drawing a Fibonacci, it appears the 50.0 fib level corresponds with the daily support zone.
-A respect of this zone and level, is where I will look to enter a buy position and set a SL near or below the 78.6 fib level.
-A retracement to his level, will appear to form an inverse head and shoulder formation which is a bullish reversal candlestick pattern formation.
-That formation along with the monthly/weekly support zone serves as 2 confirmations of bullish pressure
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.