The Green 1h Zone Acts as Zone buying Zone.
The 1h Red Zone Acts as Resistance.
Scenarios Two: the 1h/4h Green Zone Act as the strongest support level.
Also there is strong Bullish Pattern "M pattern forming triple bottoms"
We have two Scenarios indicating Buyers step in Strongly Within 1h Green Buying Zone:
Scenarios One: strong buying volume reversal Candle.
Scenarios Two: Fake Break-Out of green Buying Zone.
Both indicate Buyers Stepping in strongly.
Once One Showed Up a safe entry would be 50% Fibo from the buying Candle at 1h TF.
The "Profit Take" are area's where you may reduce or sell all position to secure profit which act as Resistances. as for Previous Low Pink Line (P. Low)
The 1h Red Zone Acts as Resistance.
Scenarios Two: the 1h/4h Green Zone Act as the strongest support level.
Also there is strong Bullish Pattern "M pattern forming triple bottoms"
We have two Scenarios indicating Buyers step in Strongly Within 1h Green Buying Zone:
Scenarios One: strong buying volume reversal Candle.
Scenarios Two: Fake Break-Out of green Buying Zone.
Both indicate Buyers Stepping in strongly.
Once One Showed Up a safe entry would be 50% Fibo from the buying Candle at 1h TF.
The "Profit Take" are area's where you may reduce or sell all position to secure profit which act as Resistances. as for Previous Low Pink Line (P. Low)
Trade active
With Stock not showing any Buyer stepping in at the Strong Support Level, the Previous High (P. High) Line is best Support and Last for the stock to respect its at 4.08$.Because of that we must always wait for confirmation before getting in any stock.
Trade closed: target reached
with news escalating NEVER Trade unless there is confirmation that Buyers are stepping in.
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.
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.