simple trading - CONTINUE FROM LAST
GJ has been in a bullish sideways market for some time now. we can see that the price has returned to the top on the bullish trend.
BULL:
Wait for the price to remain bullish. wait for a break and retest above the current high. Once the market has rejected the previous high with bullish momentum... Then and only then we can look for buy opportunities.
BEAR:
The Daily has already given us TWO HUGE doji candles. Watch for the next couple of candle sticks to form to see if sell pressure will continue.
On the 4hr charts here we can see a bullish market. A perfect cup has formed and now we need a handle to confirm the CUP and handle pattern.
Prediction:
GJ will retest the previous low 184 to complete the handle (50% retracement zone)
The price could fall to the low of the blue bull trend line
GJ has been in a bullish sideways market for some time now. we can see that the price has returned to the top on the bullish trend.
BULL:
Wait for the price to remain bullish. wait for a break and retest above the current high. Once the market has rejected the previous high with bullish momentum... Then and only then we can look for buy opportunities.
BEAR:
The Daily has already given us TWO HUGE doji candles. Watch for the next couple of candle sticks to form to see if sell pressure will continue.
On the 4hr charts here we can see a bullish market. A perfect cup has formed and now we need a handle to confirm the CUP and handle pattern.
Prediction:
GJ will retest the previous low 184 to complete the handle (50% retracement zone)
The price could fall to the low of the blue bull trend line
Note
couple days ago
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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.