Setup
Price broke out of a triangle pattern but after a successful test of prior highs at 200 psychological resistance, dropped back to the broken upper trendline of the triangle only to rebound back to the big 200 level.
Signal
The price snapped below its rising trendline on the daily chart as well as a price pivot at 196 - and RSI fell below support from the 50-level before rebounding sharply to form a new multi-week high. A daily close over 200 should confirm the uptrend has resumed.
Price broke out of a triangle pattern but after a successful test of prior highs at 200 psychological resistance, dropped back to the broken upper trendline of the triangle only to rebound back to the big 200 level.
Signal
The price snapped below its rising trendline on the daily chart as well as a price pivot at 196 - and RSI fell below support from the 50-level before rebounding sharply to form a new multi-week high. A daily close over 200 should confirm the uptrend has resumed.
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Signup to my newsletter
(A weekly digest of the best trading education from around the web)
tradingwriters.substack.com/
Read and watch more educational trading content:
tradingwriters.com
(A weekly digest of the best trading education from around the web)
tradingwriters.substack.com/
Read and watch more educational trading content:
tradingwriters.com
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.