The key is whether it can rise above 134.27-143.90
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(AMD 1M chart)
The key is whether it can maintain the price by rising above the 139.15 section.
If not, and it falls, it can fall until it meets the HA-Low, BW(0) indicators, so be careful.
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(1W chart)
The key is whether it can rise after receiving support near 134.27-143.90.
If not,
1st: 108.10
2nd: 81.99
You need to check whether there is support near the 1st and 2nd above.
However, if you meet the HA-Low indicator while the decline is in progress, the support near that area is an important issue.
It is expected to create an upward wave if it rises above 177.25-180.49.
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(1D chart)
It is currently located near the box section of the HA-Low indicator.
In other words, the key is whether it can receive support and rise near 130.24-153.60.
If not, there is a high possibility of falling to the point mentioned above, so caution is required when trading.
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What we need to look at is whether the HA-Low indicator turns upward.
The fact that the HA-Low indicator is created means that a low point has been formed.
However, since it does not mean that a bottom section has been formed, it can be seen that a bottom section is likely to be formed only if it shows an upward trend after the HA-Low indicator is created.
Therefore, you can buy when it shows support near the HA-Low indicator.
However, you need to consider whether the bottom point of the HA-Low indicator box can be designated as a stop loss point.
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If the HA-Low indicator rises, the trend will be determined again by touching the HA-High indicator.
In other words, if it rises above the HA-High indicator, there is a high possibility that a stepwise uptrend will begin.
However, if it fails to rise, there is a possibility that it will meet the HA-Low indicator again.
- It slowly creates waves by moving sideways within the HA-Low ~ HA-High range, or
- It creates an upward wave by rising above the HA-High indicator, or
- It creates a downward wave by falling below the HA-Low indicator.
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Thank you for reading to the end.
I hope you have a successful trade.
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