Top down analysis:
I look at Monthly chart and see that potential bottom
I look at Daily chart, the line is the resistance which has been the top for sometimes.
However I see that bull able to drive price making higher low and higher low, so If my assumption is correct, soon we should be able to see
higher low.
We need to see how price react at the trendline and we need to see a rejection with strong bull candle on 1 HR chart to confirm the market will turn to bullish.
I use the theory of equal move to project next target and it seems will be able to hit important level where support turn resistant price located.
This is one of exciting opportunity for long term trade so let see what market will do next trading day.
If I see a good entry , I would update this idea.
I look at Monthly chart and see that potential bottom
I look at Daily chart, the line is the resistance which has been the top for sometimes.
However I see that bull able to drive price making higher low and higher low, so If my assumption is correct, soon we should be able to see
higher low.
We need to see how price react at the trendline and we need to see a rejection with strong bull candle on 1 HR chart to confirm the market will turn to bullish.
I use the theory of equal move to project next target and it seems will be able to hit important level where support turn resistant price located.
This is one of exciting opportunity for long term trade so let see what market will do next trading day.
If I see a good entry , I would update this idea.
Trade active
Trade closed manually
Trade active
on the trendline today
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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.