- on the daily chart : the day closed with a good red candle with slight resistance from the bottom . so daytraders who followd my advice and went short today congrats on ur profits .
- on the weekly chart : a biiig green candle that show a potentiel selling squeez .
- on the 15 min chart : the price broke the VWAP downards.
- personal opinion : sellers beware . the big candle formd in the weekly chart might mean a squeez and the big sellers are getting ready to take their profits . so a reverse in trend might happen soon
- best move :
for day traders : becarful from now on things might get unstable . so i suggest to not open any positions
for long term traders : wait untill the price reachs the bottom level
i hope this technical analysis helpd you make a decision , if you need help or want me to keep an eye on a stock/forex/crypto/futures.... and keep you updated feel free to contact me on my twitter or private chats in tradingveiw.
- on the weekly chart : a biiig green candle that show a potentiel selling squeez .
- on the 15 min chart : the price broke the VWAP downards.
- personal opinion : sellers beware . the big candle formd in the weekly chart might mean a squeez and the big sellers are getting ready to take their profits . so a reverse in trend might happen soon
- best move :
for day traders : becarful from now on things might get unstable . so i suggest to not open any positions
for long term traders : wait untill the price reachs the bottom level
i hope this technical analysis helpd you make a decision , if you need help or want me to keep an eye on a stock/forex/crypto/futures.... and keep you updated feel free to contact me on my twitter or private chats in tradingveiw.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.