🖼 Daily Technical Picture 📈
➤ For the fourth consecutive day, price finished the trading day higher than the open. All this "bullish" action has occurred within the shadows of the large "bearish" bar on 9th Feb.
➤ Yesterday, I looked at the Bearish case of this "laboured" move. Today I'm going to touch on the Bullish story.
➤ The case for being Bullish is quite simple. The market has formed a Bullish "flag" technical chart formation. This is a minor retracement where prices whipsaw up and down either in a sideways or slight downward manner within the primary Bull trend. At some stage, price will then accelerate higher by breaking above this price congestion.
➤ The 4 consecutive up bars of recent days is telling us that despite the best effort of the Bears, the Bulls have overcome them.
➤ Conclusion: It is now or never for the short trading plan. Another day like today would see me switch camps to the Bulls.
➤ For the fourth consecutive day, price finished the trading day higher than the open. All this "bullish" action has occurred within the shadows of the large "bearish" bar on 9th Feb.
➤ Yesterday, I looked at the Bearish case of this "laboured" move. Today I'm going to touch on the Bullish story.
➤ The case for being Bullish is quite simple. The market has formed a Bullish "flag" technical chart formation. This is a minor retracement where prices whipsaw up and down either in a sideways or slight downward manner within the primary Bull trend. At some stage, price will then accelerate higher by breaking above this price congestion.
➤ The 4 consecutive up bars of recent days is telling us that despite the best effort of the Bears, the Bulls have overcome them.
➤ Conclusion: It is now or never for the short trading plan. Another day like today would see me switch camps to the Bulls.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。