WEEKLY
We are sitting at a Weekly low zone as you can see.
Rejecting since June 2020 as support so pretty strong zone.
It's not only Support it's a clear Supply & Demand zone.
We have a -27 Fib completion, so we can expect a change of momentum.
These are all indications for a Long set-up.
We are sitting at a Weekly low zone as you can see.
Rejecting since June 2020 as support so pretty strong zone.
It's not only Support it's a clear Supply & Demand zone.
We have a -27 Fib completion, so we can expect a change of momentum.
These are all indications for a Long set-up.
Nota
DAILYOn the Daily chart, we are currently making LLs and LHs.
Price is moving very correctively with the trend at the moment.
This is an indication that the bears are getting weaker/tired.
Bulls are getting stronger and are preparing for a push to the upside.
These are still all indications for me.
You don't want to trade against the trend, so i want to see a break of the Descending trend line and the last LH first before considering a Long position.
Nota
ALWAYS STAY NEUTRAL AND ANTICIPATE ON THE SITUATION.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.