What it dew Yall! Happy New Year! Its Up and Stuck lol. I'm so excited for Life, this will be a wonderful trading year! Let's Kick off the 1st TA for 
AVGO on the 1 HR time frame.
(8/14/21 EMA's are used)
-Price has rejected at the 0 level once; however, the anchor is the 0 so it’s kinda like a rejection twice.
-The EMA were stacked for a down bias however they are now flipping indicator buying pressure picking up.
-If price can close above the 0.618 zone before the EOD that’ll look better: buyers gaining control
S/L is at the 0. I look for candles to close below this area not just wick through them. I study these types of entries so I'm always taking a small risk and entering around the .0382 zone (for calls). The R:R is a chef kiss.
This is not financial advice, educational purposes only.
Happy Trading Alerts Set!
AVGO on the 1 HR time frame.(8/14/21 EMA's are used)
-Price has rejected at the 0 level once; however, the anchor is the 0 so it’s kinda like a rejection twice.
-The EMA were stacked for a down bias however they are now flipping indicator buying pressure picking up.
-If price can close above the 0.618 zone before the EOD that’ll look better: buyers gaining control
S/L is at the 0. I look for candles to close below this area not just wick through them. I study these types of entries so I'm always taking a small risk and entering around the .0382 zone (for calls). The R:R is a chef kiss.
This is not financial advice, educational purposes only.
Happy Trading Alerts Set!
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.