-Price found support at the monthly/weekly support or demand zone and began it's push up.
-After an extended push to the upside (or bullish pressure), it appears price is preparing to make a retracement.
-Price broke through the daily support level now, I am expecting price to retest this area.
-After drawing a Fibonacci, it appears the 50.0 fib level corresponds with the daily support zone.
-A respect of this zone and level, is where I will look to enter a buy position and set a SL near or below the 78.6 fib level.
-A retracement to his level, will appear to form an inverse head and shoulder formation which is a bullish reversal candlestick pattern formation.
-That formation along with the monthly/weekly support zone serves as 2 confirmations of bullish pressure
-After an extended push to the upside (or bullish pressure), it appears price is preparing to make a retracement.
-Price broke through the daily support level now, I am expecting price to retest this area.
-After drawing a Fibonacci, it appears the 50.0 fib level corresponds with the daily support zone.
-A respect of this zone and level, is where I will look to enter a buy position and set a SL near or below the 78.6 fib level.
-A retracement to his level, will appear to form an inverse head and shoulder formation which is a bullish reversal candlestick pattern formation.
-That formation along with the monthly/weekly support zone serves as 2 confirmations of bullish pressure
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.