Market drop in progress towards Trend level at $1.00/$0.97 region. After which an intermediate bounce is expected.
Just an educational post to show how a confluence of technical elements can give a good trade with much higher probability. Also, because there is no good risk reward to this, I'm posting this as an educational material.
- Market reacted below desceding trendline resistance
- RSI (21) reacted below 53% resistance level and has entered bearish territory below 50% level.
- RSI (21) 53% resistance level is also where price has reacted many times in the past, as seen by the yellow arrows.
- Buying area finds confluence with fibo retracement and strong supply and demand level.
Just an educational post to show how a confluence of technical elements can give a good trade with much higher probability. Also, because there is no good risk reward to this, I'm posting this as an educational material.
註釋
As expected, price dropped towards the buying area as expected. I would wait for a bounce reaction in this zone and enter my LONG position.註釋
Bullish divergence also noted now.交易結束：目標達成
Cleaning up my charts and trading ideas. This target was reached awhile back.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。