My opinion, if you objectively examine the charts, I don't see how you can be an "All In Bear" or an "All In Bull" regarding long-term projections.
The RED Line is a key resistance. Even testing it is bullish the long term even if it holds.
1M:
On 1M...Candles long shadows (pinbar) demonstrating strong bullish bounce off the key support each time it has held. Technically, we have had LH & LL since 5/2015. However, the repeated price action at the 182-181 support makes it difficult to count on continued LLs without clear confirmation.
A case can be made for both a Bear and Bull bias. It was more difficult to make a case for a Bull bias a few months ago and now it is getting increasingly more difficult to be a all in Bear.
My stance...I'm still expecting a ranging market. A break above $214 or below $180 would force me to re-evaluate my bias.
The RED Line is a key resistance. Even testing it is bullish the long term even if it holds.
1M:
On 1M...Candles long shadows (pinbar) demonstrating strong bullish bounce off the key support each time it has held. Technically, we have had LH & LL since 5/2015. However, the repeated price action at the 182-181 support makes it difficult to count on continued LLs without clear confirmation.
A case can be made for both a Bear and Bull bias. It was more difficult to make a case for a Bull bias a few months ago and now it is getting increasingly more difficult to be a all in Bear.
My stance...I'm still expecting a ranging market. A break above $214 or below $180 would force me to re-evaluate my bias.
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
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.