Price Action & Chart Pattern Trading
> It wasn't forming a cup but a big bearish bat harmonic
> Break down EMA200 major resistance and test the bat harmonic resistance target.
CCFI China Container Freight Index still on the all-time high value but price pressure still coming from the sharp declining of BDI index.
en.macromicro.me/charts/947/commodity-ccfi-scfi
Indicators:
Wait for consolidation to form before making a re-entry
> RSI tapping oversold wait for divergence signal.
> MACD dead crossing signal line
> It wasn't forming a cup but a big bearish bat harmonic
> Break down EMA200 major resistance and test the bat harmonic resistance target.
CCFI China Container Freight Index still on the all-time high value but price pressure still coming from the sharp declining of BDI index.
en.macromicro.me/charts/947/commodity-ccfi-scfi
Indicators:
Wait for consolidation to form before making a re-entry
> RSI tapping oversold wait for divergence signal.
> MACD dead crossing signal line
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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.