On the chart we can see the bearish absorption pattern , it's confirmed by the volume .
This pattern is a sign of a reversal movement , be careful.
Keep focused on the confirmed trend line.
This pattern is a sign of a reversal movement , be careful.
Keep focused on the confirmed trend line.
Note
The support zones Note
The price confirmed the previous resistance level as support.Focus on the closure of the next four hour candle.
Note
The trend line was broken and the price fell below the previous resistance level.Now the price is testing this level.
Let's see what happen next
STATUS Don't trade
Note
Note
Importantly The morning doji star
in case of the closure of the four hour candle above the maximum of previous candle , we will can see the "morning doji star"
This pattern shows the weakening of the bears and change of the movement.
Note
the failure Note
The bearish absorption on the day chart , it's confirmed by the volume , be carefulNote
Compare the bars.The volume is about the same , but the candles is very different.
In my opinion it means that there is no buyer.
Be careful.
Note
The accumulation of positions in the blue rectangle.Wait for the four hour candle to close.
Note
The small volume and the suspicious movement , be carefulNote
maybe it's the evening star pattern , be careful Note
The volume increases when the price falls , this is the bearish sign.
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.