Hey, this is some knowledge I learnt from the expert.
I'm using fibo line to get price pattern range area (reversal / continuous), I find out that the price is on reversal range. H1 shows there's a reversal pattern (Double Top) at supply base and already make its neck. The price done breaking the neck line, entry area will be at the pullback.
But, if the price react with the parallel channel, price may change to flag pattern as the price will continue upward.
Current market trend is downtrend.
I'm using fibo line to get price pattern range area (reversal / continuous), I find out that the price is on reversal range. H1 shows there's a reversal pattern (Double Top) at supply base and already make its neck. The price done breaking the neck line, entry area will be at the pullback.
But, if the price react with the parallel channel, price may change to flag pattern as the price will continue upward.
Current market trend is downtrend.
Nota
Double top setup failed. I will wait for next setup for entry.Nota
Price tend to respect the flag pattern. Should admit that the market reversed as its already made reversal sign. Opportunity to hold long position and re-entry if pullback.
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.