Time to buy!
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working good here
2. globally downtrend
3. no report in the following 2 weeks
4. approached with a big bar
5. way down with rollbacks
6. level of a rollback
7. enough room for a move 1 to 5.1 risk/reward
8. yesterday good news "3M guides for 1%-4% sales growth in 2022, in line with estimates"
9. the price came from above
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If it does make sense to you, press a thumb up! 👍
1. Price levels are working good here
2. globally downtrend
3. no report in the following 2 weeks
4. approached with a big bar
5. way down with rollbacks
6. level of a rollback
7. enough room for a move 1 to 5.1 risk/reward
8. yesterday good news "3M guides for 1%-4% sales growth in 2022, in line with estimates"
9. the price came from above
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If it does make sense to you, press a thumb up! 👍
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