Hi friends, I hope y'all having a profitable week ;)
Today, we've got two weekly counter-trend bullish signals on top of the long-term trend bearish signal that we took a trade on the first week of May 2022. We still going to hold the long-term trade till we get an exit signal that will trigger once the price has bullish broke and closed above the 1st Weekly Key Lvl and 8 m.a. The counter-trend trade we aiming to take, will probably end on the long-term trades exit key level. So we kind off looking to breakeven in some way here. Now lets take a look at how the bulls and bears will behave in triggering the 2 trades and dis-confirming them.
Bulls: -The price may bullish rally to the last take profit point - probably after it has bearish bounced off the Mini Daily Half a Neckline/4H Neckline 2 and 8 (dark blue) m.a (1st signal) to bullish breaking and retesting the Mini 4H Half a Bat Neckline (2nd signal) . That will trigger what I call a Double Bottom C-E.1 & E.2 signal.
Bears: The price will dis-confirm the rally - probably after it has formed a bearish reversal pattern that will drop the price to bearish and retest the 4H Neckline together with the 50 (light blue) and bearish crossed (dark blue and red) m.a's.
That's its. I hope you found value in this. If you have a different view, feel free to share it in the comments section. I'd love to know your thoughts!
Stay Blessed,
Doji-2K1
Today, we've got two weekly counter-trend bullish signals on top of the long-term trend bearish signal that we took a trade on the first week of May 2022. We still going to hold the long-term trade till we get an exit signal that will trigger once the price has bullish broke and closed above the 1st Weekly Key Lvl and 8 m.a. The counter-trend trade we aiming to take, will probably end on the long-term trades exit key level. So we kind off looking to breakeven in some way here. Now lets take a look at how the bulls and bears will behave in triggering the 2 trades and dis-confirming them.
Bulls: -The price may bullish rally to the last take profit point - probably after it has bearish bounced off the Mini Daily Half a Neckline/4H Neckline 2 and 8 (dark blue) m.a (1st signal) to bullish breaking and retesting the Mini 4H Half a Bat Neckline (2nd signal) . That will trigger what I call a Double Bottom C-E.1 & E.2 signal.
Bears: The price will dis-confirm the rally - probably after it has formed a bearish reversal pattern that will drop the price to bearish and retest the 4H Neckline together with the 50 (light blue) and bearish crossed (dark blue and red) m.a's.
That's its. I hope you found value in this. If you have a different view, feel free to share it in the comments section. I'd love to know your thoughts!
Stay Blessed,
Doji-2K1
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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.