We're reaching the top of a very well-respected parallel channel. This top also aligns with the Fibonacci golden pocket (in yellow), providing extra resistance. Price wicked above the golden pocket, trapping some longs. I'm expecting a reversal to the lower golden pocket (taking profit along the way).
Price and volume are diverging. This is a sign of weakness, as apparently less people are willing to trade at these higher levels. This makes a reversal even more likely.
The horizontal channel is being well-respected. The many touches of this channel validate that the channel is drawn correctly. Price is struggling to break above it, showing weakness.
Price and volume are diverging. This is a sign of weakness, as apparently less people are willing to trade at these higher levels. This makes a reversal even more likely.
The horizontal channel is being well-respected. The many touches of this channel validate that the channel is drawn correctly. Price is struggling to break above it, showing weakness.
Trading ditutup: target tercapai
Multiple TPs hit. Closed trade.
Pernyataan Penyangkalan
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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.