In the first circle negative tail has been shown so market price decreased under 50 days Moving Avarage. In the second circle second negative tail has been shown just under 50 days Moving Avarage. According to me; market price will go down to 6.00. Then if the market price goes under 200 days Moving Avarage; market price will go down 5.70 - 5.50.
Trade closed: target reached
the market price reached to the first target which is 6.0 The position is closed with profit
Trade closed: target reached
The market price reache to the second target wich is 5.50 usd. The position closed with profit
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.