This daily candle looks like a good sell signal, the move we have made the past days looks like a wedge . Stop is red, entry is blue
הערה
Wait for the price to make a slight turn down on the lower time frame, only then get in. This prevents getting caught in a squeeze upהערה
I would move stops to entry now, for a free ride or to 1,3180ish. This bounce is still normal but a bit stronger that i would have liked. We can also re enter again when the pattern stays valid.הערה
Looking better now, i would move at least 50% for stop to that red zone on the left. I would take 50% profit around the target and trail stop the rest. Because if that support breaks, it could drop even more! Because when you zoom out, you can see a big H&S with the neckline at that green zoneהערה
Target reached, close 50% if you have not already done that and trail the rest with a stop starting at the yellow levelהערה
Now move the stop to that red zone, i would close the remaining 25% in those 2 orange boxesהערה
Looks like a bearish wedge, that might test the neckline of this possible H&S. It should drop below the support line soon, otherwise it will probably become invalid. So wait for a break of the wedge before shorting it, and use the neckline as a stop level.The red circles are the TP levels.Don't forget to adjust the stop when it starts to drop.
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.
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.