Hello everyone,
Some big red candles were formed today after touching the resistance line of the pattern. The bias is neutral since we are looking at a bullish flag and the price is forming good structures when going from a resistance to support. Also, we just touched the 0.5 Fibonacci level which is our strong support and the price is showing some rejection of it.
The only reason that the bias might change is red candles, they are way bigger than green candles as you see in the chart below.
However, if we want to look for a good buying area, we are looking at the area in the circle where the price might goes if it does not break the range we are in.
Please comment if you have any questions.
Some big red candles were formed today after touching the resistance line of the pattern. The bias is neutral since we are looking at a bullish flag and the price is forming good structures when going from a resistance to support. Also, we just touched the 0.5 Fibonacci level which is our strong support and the price is showing some rejection of it.
The only reason that the bias might change is red candles, they are way bigger than green candles as you see in the chart below.
However, if we want to look for a good buying area, we are looking at the area in the circle where the price might goes if it does not break the range we are in.
Please comment if you have any questions.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。