Immediate term - Long
Buyers need to exit but first need to create the stops.
My read on the situation is to expect sharp moves up as MM hunts stops. Bulls will takeover once this H&S is complete.
Will consider making this trade if the price temporarily drops but MFI stays bullish.
Mid-term bearish.
Sincerely, Hard Forky
My read on the situation is to expect sharp moves up as MM hunts stops. Bulls will takeover once this H&S is complete.
Will consider making this trade if the price temporarily drops but MFI stays bullish.
Mid-term bearish.
Sincerely, Hard Forky
Catatan
6510 buy, 8k sellTrading ditutup: target tercapai
Trended as expected but now concerned that it will break the trendline. First stop is 6106 / Fib line but the fact that it did not break up into 6900 means I expect it will go beyond a retracement as people cash out and try to break even - into no-mans land.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.