Bullish divergence and False Break on JKHY on Daily
Strong upwick bar, bouncing with fb from 170 support, bullish div on many indicators, expecting rise up to 1 ATR
TP 177,49
E 172,37
SL 169,07
Good bullish div, one remark: 4H TF is still in downtrend, 13EFI is still not showing much strength.
Also, the impuls on weekly is still red, but Factor 3 is blue , so I'm okay with that, also because the movements are close to the flat EMA's on the weekly.
Furthermore, the bullish div is showing a false break.
Trade #00011
Results so far:
6 from 10 worked out. Hitrate: 60%
TP 177,49
E 172,37
SL 169,07
Good bullish div, one remark: 4H TF is still in downtrend, 13EFI is still not showing much strength.
Also, the impuls on weekly is still red, but Factor 3 is blue , so I'm okay with that, also because the movements are close to the flat EMA's on the weekly.
Furthermore, the bullish div is showing a false break.
Trade #00011
Results so far:
6 from 10 worked out. Hitrate: 60%
Trade closed: target reached
perfect!
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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.