- We are at a painfully large demand area.
- Price squeezing and consolidating in a dropping wedge.
- Thursday candle was a bullish harami (indicating a possible u-turn)
- Friday was the Good Friday (Market holiday), so it doesn't count
Let us patiently wait here for the price to either break the wedge or at least it hits the lower border of the wedge to place our first entry. The reversal is imminent provided we do not break the demand area. Patience is the key here.
Once we have a full confirmation to buy we will look further for targets, till then just watch it.
I will update you guys when I place my own entry. Pray hard, trade smart :) and best of luck!
Here is the close up look of the wedge:
- Price squeezing and consolidating in a dropping wedge.
- Thursday candle was a bullish harami (indicating a possible u-turn)
- Friday was the Good Friday (Market holiday), so it doesn't count
Let us patiently wait here for the price to either break the wedge or at least it hits the lower border of the wedge to place our first entry. The reversal is imminent provided we do not break the demand area. Patience is the key here.
Once we have a full confirmation to buy we will look further for targets, till then just watch it.
I will update you guys when I place my own entry. Pray hard, trade smart :) and best of luck!
Here is the close up look of the wedge:
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.