After seeing this strong bearish wave, it seems that we have difficulties to define the next trend of the market and also we have a lack in the volumes but anyway, we draw now this sideway range to tell that the market need to break the up of it and then we can buy, but if the market breaks the down of it then maybe we will comeback to the normal price variations.
We are in a good buy opportunity here because we have a lot of indications that supports us like the volume and also the tag team of the level 61 of fibonacci and the major support level in green
Now we saw that the market is rejecting the support level and can't go inside the range so this is a good opportunity to buy the market, put your SL at 33,40 and your TP at 35,01 Kind regards
We saw that the market is now above the VWAP, if you are already in a buy position, you should prepare yourself to sell your shares because the 200MA indicates that the market may go down furthermore
The market is purely controlled by the buyers so we are in a good position to buy, also the market respect the support line and give us a strong pullback with a high volume, so we can take that investment with confidence, THE BUYERS ARE IN CONTROL
You should be aware of this green trend line, the market may go down until the the test of the green trend line, but we are well supported with the 200Ma, so we are not against the market but for now the market might take a corrective wave :)
We have a strong indications that the market will go down : 1.The 3 recent candles are all in gravestone profile, the market can't break the VWAP indicator, the VWAP act as a strong resistance, 2.The Fibonacci give us the level of 75% as a strong resistance too, 3.The respect of the red trend line and the market need to go back to the channel, Summary: The...
The market need to do a pull back at the resistance level which will work as a great magnet/support, and after this recent candle we can expect a down within the level of 10.17,
We have a strong probability that the market will go up for the long term view or in another word at the end of this year, it's call for all wise investors to enter in a long position and wait until the end of this year
Please stay in your position and sell your shares at the required level
Stay close by, because the retest is near to happen
Wait for the retest to take safe trade :) Kind regards
we have a break in vwap with a large bogie plus an interesting volume this means that the buyers have entered the market so a buying opportunity
an interesting buy signal is explained by the breakout of the vwap and a very large volume means that the buyers have entered the market a buying opportunity national commercial bank
Please share with me your thoughts, kind regards
This analysis was based in the price action and we can tell that the next breakout will decide the market movement, Stay in a watch out position, Kind regards,
Please share with me your thoughts, Kind regards