Signal bar - Long bearish bar and bearish pin bar at trend line.
Trend - Major trend is down and recent bars in range
Strength - Prices are struggling to move
Level - Expecting previous strong support will become a strong resistance considering bearish bar breakout and
2nd entry (2 leg pullback) - there are 2 long legs tring to go high but failed.
Breakout pullback - NA
EMA - prices are forming right at EMA and already there is bearish bar with long wick rejecting EMA.
Reversal - NA
DT/DB - NA
Shadows - NA
Congestion - has formed congestion and expecting it will breakout in the direction of the trend.
50% Retrenchment -
Big Picture -
Prices trying to go higher but struggling. Strong bearish bar with congestion has formed a flag.
Entry - SL seems to be safe above swing.
Expecting prices will rush down after touching slow EMA.
Trend - Major trend is down and recent bars in range
Strength - Prices are struggling to move
Level - Expecting previous strong support will become a strong resistance considering bearish bar breakout and
2nd entry (2 leg pullback) - there are 2 long legs tring to go high but failed.
Breakout pullback - NA
EMA - prices are forming right at EMA and already there is bearish bar with long wick rejecting EMA.
Reversal - NA
DT/DB - NA
Shadows - NA
Congestion - has formed congestion and expecting it will breakout in the direction of the trend.
50% Retrenchment -
Big Picture -
Prices trying to go higher but struggling. Strong bearish bar with congestion has formed a flag.
Entry - SL seems to be safe above swing.
Expecting prices will rush down after touching slow EMA.
Note
Unfortunately missed the entry. Cancelling this tradeOrder cancelled
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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.