Here is a strong channel (number of touches and correlations) of Microsoft.
Look to sell the highs (pink box) and buy the lows (green box).
I think it makes sense to buy with reduced risk as this is a bearish channel and the flow of money is to the downside.
That means that longs will fail more often.
It's already at a sell zone, so it just needs a bearish candlestick pattern for me to enter shorts.
Keep in mind that the lower than expected CPI numbers is suggesting to some people that the fed will increase rates at a slower pace.
This lead to the huge gap up and strong bullish bar.
Will that momentum continue and we see a channel breakout?
For now, I'll stick with the technicals and be more short bias than long bias.
All the best...
Cheers.
Look to sell the highs (pink box) and buy the lows (green box).
I think it makes sense to buy with reduced risk as this is a bearish channel and the flow of money is to the downside.
That means that longs will fail more often.
It's already at a sell zone, so it just needs a bearish candlestick pattern for me to enter shorts.
Keep in mind that the lower than expected CPI numbers is suggesting to some people that the fed will increase rates at a slower pace.
This lead to the huge gap up and strong bullish bar.
Will that momentum continue and we see a channel breakout?
For now, I'll stick with the technicals and be more short bias than long bias.
All the best...
Cheers.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.