Hi Traders!
The market is in a strong downtrend.
The "Multiple Sell Point", as we call it, consists of three parts:
> The nearest Resistance is there and that means that selling pressure could get in;
> the 200MA as a guide line, because the market often touches it and bounces back;
> the top of the bearish wedge, which is also a trend continuation pattern.
We recommend to sell the market at the "Sell Point" with a risk-to-reward ratio of 1 to 2.
Thanks and good luck :)!
The market is in a strong downtrend.
The "Multiple Sell Point", as we call it, consists of three parts:
> The nearest Resistance is there and that means that selling pressure could get in;
> the 200MA as a guide line, because the market often touches it and bounces back;
> the top of the bearish wedge, which is also a trend continuation pattern.
We recommend to sell the market at the "Sell Point" with a risk-to-reward ratio of 1 to 2.
Thanks and good luck :)!
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.