Let's do the point ! // Update #11.5
Rapid statement, the most likely to happen yesterday, happened. We reached the support, no buying volumes on, which announces a consolidation movement.
Here the next step : retest of the support. It will depend of the length of the consolidation but as we didn't saw buying volumes we can think it will go deeper to try to find some, or do a delayed bottom like the last time on this support.
Each retest of the support is now an possibility to do the breakout of it but don't anticipate it.
"Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions"
Like, follow or comment if you like, I need it to continue !
Rapid statement, the most likely to happen yesterday, happened. We reached the support, no buying volumes on, which announces a consolidation movement.
Here the next step : retest of the support. It will depend of the length of the consolidation but as we didn't saw buying volumes we can think it will go deeper to try to find some, or do a delayed bottom like the last time on this support.
Each retest of the support is now an possibility to do the breakout of it but don't anticipate it.
"Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions"
Like, follow or comment if you like, I need it to continue !
Note
INITIAL IDEA
Note
UPDATENot a consolidation here, it's a lateralization and it's play for continuation so we could expect a breakout soon.
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Related publications
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.