A simple idea for a bullish long run with 3 icons as price predictions. These can be traded in advance if a candlestick pattern signaling a potential turnaround and the price position relative to the next target/icon, presents a good opportunity regarding risk/reward.
The rectangles are zones of influence which can become support, resistance, or consolidation.
Trade with good risk assessment and may the profits be with you!
The rectangles are zones of influence which can become support, resistance, or consolidation.
Trade with good risk assessment and may the profits be with you!
Comment:
First potential bullish candle in the rectangle zone which could become a pivot point. Waiting for day to close and confirmation.
Comment:
Price found a little bit of support at the lower edge of the rectangle, but two candlestick shadows on the up tell us 2 things: the bulls have tried to push this up but the bears have managed to keep it down.
A belt line candle for today would strengthen the case for the bulls, while also leaving a decent buffer zone against any potential down gaps on Monday.
A belt line candle for today would strengthen the case for the bulls, while also leaving a decent buffer zone against any potential down gaps on Monday.
Comment:
Projected support became resistance