Strong Bullish Signal:
The price resumed rising after a local consolidation. The move was sharp and confident, which is a good signal of the uptrend continuation.
Volume Zones:
We need to point out an important level of support 113.30, which contains the large volume.
Sentiment:
This indicator shows that 90% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b38/2110/01/a831611e1820.png
Consider Long Positions:
Given all these factors, we may regard long positions after a smooth downward correction of the price, in order to get a more profitable entry point. A stop loss may be placed below the support level.
Profit Potential:
More than 110 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price resumed rising after a local consolidation. The move was sharp and confident, which is a good signal of the uptrend continuation.
Volume Zones:
We need to point out an important level of support 113.30, which contains the large volume.
Sentiment:
This indicator shows that 90% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b38/2110/01/a831611e1820.png
Consider Long Positions:
Given all these factors, we may regard long positions after a smooth downward correction of the price, in order to get a more profitable entry point. A stop loss may be placed below the support level.
Profit Potential:
More than 110 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
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.
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.