Analysis by SK System
Current Price: $111
The recent correction from the vague B-C has reached the ideal level for a bullish reversal, pointing towards a potential upswing to $117 or even $119. The price is currently positioned at $111, and historical data suggests that a turnaround is imminent.
Key Points:
Correction Level: The correction of the vague B-C has reached a significant level, indicating a potential shift in market sentiment.
Upside Potential: Anticipating a bullish reversal with a target range of $117 to $119.
Risk Management: Implementing a stop-loss at $109.2 to mitigate potential losses and adhere to a disciplined risk management strategy.
Trade Details:
Entry Point: Current market price ($111)
Target Price: $117 to $119
Stop-Loss: $109.2
Risk-Reward Ratio: 3.6%
Current Price: $111
The recent correction from the vague B-C has reached the ideal level for a bullish reversal, pointing towards a potential upswing to $117 or even $119. The price is currently positioned at $111, and historical data suggests that a turnaround is imminent.
Key Points:
Correction Level: The correction of the vague B-C has reached a significant level, indicating a potential shift in market sentiment.
Upside Potential: Anticipating a bullish reversal with a target range of $117 to $119.
Risk Management: Implementing a stop-loss at $109.2 to mitigate potential losses and adhere to a disciplined risk management strategy.
Trade Details:
Entry Point: Current market price ($111)
Target Price: $117 to $119
Stop-Loss: $109.2
Risk-Reward Ratio: 3.6%
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.