Signal bar - Long Bearish bar
Trend - Over all trend is bearish
Strength - weak, trading in big channel
Level - There is no clear resistance, but it may follow similar pattern as previous swings
2nd entry (2 leg pullback) - It is second entry, after 2 legs up it fall down as brick
Breakout pullback - NA
EMA - It is above EMA but similar to previous swings.
Reversal - after a short term bullish trend after it has formed bull pin bar and it has formed huge reversal bearish bar
DT/DB - kind of double top
Shadows - NA
Congestion - 2 bar congestion.
50% Retrenchment -
Big Picture - After a short bullish trend and pin bar prices failed to move up and fall down at trend line. Expecting pullback to 50% of bear bar and get in to trade.
Trend - Over all trend is bearish
Strength - weak, trading in big channel
Level - There is no clear resistance, but it may follow similar pattern as previous swings
2nd entry (2 leg pullback) - It is second entry, after 2 legs up it fall down as brick
Breakout pullback - NA
EMA - It is above EMA but similar to previous swings.
Reversal - after a short term bullish trend after it has formed bull pin bar and it has formed huge reversal bearish bar
DT/DB - kind of double top
Shadows - NA
Congestion - 2 bar congestion.
50% Retrenchment -
Big Picture - After a short bullish trend and pin bar prices failed to move up and fall down at trend line. Expecting pullback to 50% of bear bar and get in to trade.
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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.