Price has two resistance levels to decide to either reverse bearish or continue bullish. (162.00 & 162.11)
If continuation long watch for a Break-Hook_Go candle pattern on a 5m, 15m or 30m chart.
If reversal short watch for an engulfing candle, evening star, inside candle railroad candle reversal patterns
on a 5m, 15m or 30m chart.
Continuation TP levels will be 100%, 127.2% and 161.8% fibs.
Reversal TP levels will be -23.6%, -61.8% and -127.2% fibs.
Find your SL on the other side of the reversal or continuation point.
If continuation long watch for a Break-Hook_Go candle pattern on a 5m, 15m or 30m chart.
If reversal short watch for an engulfing candle, evening star, inside candle railroad candle reversal patterns
on a 5m, 15m or 30m chart.
Continuation TP levels will be 100%, 127.2% and 161.8% fibs.
Reversal TP levels will be -23.6%, -61.8% and -127.2% fibs.
Find your SL on the other side of the reversal or continuation point.
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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.