Largo
[BUY SIGNAL - 7:1 RISK/REWARD
Another pattern to be watched in its early formation, recent strong down trend just got breached with strength. We're in an oversold position, if the MACD line stays above zero and we watch a crossing also on the positive y-axis we might see a good and strong up movement.
Buying on a little over the high of the first candle body completely closed out of the pennant to confirm movement up would be the safest play.
Buying on a little over the high of the first candle body completely closed out of the pennant to confirm movement up would be the safest play.
Nota
If the price starts stabilizing on a horizontal trend, I would definitely consider accumulating for a longer-time frame trade judging the very recent up trend formed as it grows stronger if the price stays stable and or slowly increases.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.