WHAT DO WE HAVE AT THE CHART?
3 POSSiBLE SCENARiOS:
RED - A PULLBACK
YELLOW - SIDEWAYS, THAN PULLBACK
GREEN - STRONG UPTREND
3 BOXES:
RED BOX - RESISTANCE LEVEL
GREEN BOX #1 - SUPPORT LEVEL WHiCH ALIGNED WiTH iCHi CLOUD, HORiZONTAL SUPPORT
GREEN BOX #2 - SUPPORT LEVEL WHiCH iS ALiGNED WiTH NEAR TERM TREND LiNE
1 GREEN CIRCLE - BUY AREA
2 TREND LiNES:
SHORT TERM AT THE TOP
NEAR TERM AT THE BOTTOM
OVERALL ALL:
1.CONCENTRATE ON TRENDLiNES AND PRiCE ACTiON iN BUY AREA
2.WHAT WILL YOU DO iF THE PRiCE BREAK ABOVE RESiSTANCE? FOMO ENTRY?
3 POSSiBLE SCENARiOS:
RED - A PULLBACK
YELLOW - SIDEWAYS, THAN PULLBACK
GREEN - STRONG UPTREND
3 BOXES:
RED BOX - RESISTANCE LEVEL
GREEN BOX #1 - SUPPORT LEVEL WHiCH ALIGNED WiTH iCHi CLOUD, HORiZONTAL SUPPORT
GREEN BOX #2 - SUPPORT LEVEL WHiCH iS ALiGNED WiTH NEAR TERM TREND LiNE
1 GREEN CIRCLE - BUY AREA
2 TREND LiNES:
SHORT TERM AT THE TOP
NEAR TERM AT THE BOTTOM
OVERALL ALL:
1.CONCENTRATE ON TRENDLiNES AND PRiCE ACTiON iN BUY AREA
2.WHAT WILL YOU DO iF THE PRiCE BREAK ABOVE RESiSTANCE? FOMO ENTRY?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.