Hi ,
The Market Concept is clear today , as we can see the falling wedge pattern on the chart marked WHITE which indicates high chances of a rising market.
We cannot yet confirm ENTRY however those with a good or moderate trading volume can have their entries.
However the volatility is still moderate so we should not expect instant Blues (profits) going up, our confirmation zone in this case is marked at $ 3367 for a shoot up higher and just incase we break $ 3260 then we should expect a slight fall and afterwards analyze the market higher.
REMEMBER in this sense ,BULLS have marked a point so far while the BEARS are still hanging, overall market move is the bullish this marks the second market.
Will be back with updates after a while
The Market Concept is clear today , as we can see the falling wedge pattern on the chart marked WHITE which indicates high chances of a rising market.
We cannot yet confirm ENTRY however those with a good or moderate trading volume can have their entries.
However the volatility is still moderate so we should not expect instant Blues (profits) going up, our confirmation zone in this case is marked at $ 3367 for a shoot up higher and just incase we break $ 3260 then we should expect a slight fall and afterwards analyze the market higher.
REMEMBER in this sense ,BULLS have marked a point so far while the BEARS are still hanging, overall market move is the bullish this marks the second market.
Will be back with updates after a while
Trade active
The Hanging Man formation seen in 15 minutes TF , The pattern typically appears after a sustained upward trend, indicating a potential exhaustion of buying power , those on 15Minutes TF should look for a minor fall or retest but the idea still stands as BULLS are still dominating the market from 45Min to 1 Hr TF.Awaiting more confirmation for more entries but as of now , im already in for Buying on a bigger TF.
Let's wait and see how the market unfolds.
Note
Bulls Demand - Trade Active Note
Retesting Resistance Level $3357.78 made on WED 16TH APRIL at 22:30 after this retest we have a support LEVEL slightly above this retest level at $3387-90 we will then confirm the upward move with this break in 45Min TF .
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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.