Market Structure:
- The strong trendline is broken, showing the uptrend is over, but doesn't means trend will reverse.
- In 4Hr timeframe, we can see after the trendline is broken, price retest R1 again but failed to move higher/breakout.
- It looks like moving in range between R1 and S1 in 4Hr TimeFrame, with Lower Highs (No lower Lows) forming a trendline within the range.
- Right now it is testing previous key Support/Resistance and inner trendline inside a range.
Strategy:
- I will keep this in my watchlist and monitor further
- If it break below S1, I will anticipate to go Short.
- If it break above inner trendline, I will waiting to Short near R1
- The strong trendline is broken, showing the uptrend is over, but doesn't means trend will reverse.
- In 4Hr timeframe, we can see after the trendline is broken, price retest R1 again but failed to move higher/breakout.
- It looks like moving in range between R1 and S1 in 4Hr TimeFrame, with Lower Highs (No lower Lows) forming a trendline within the range.
- Right now it is testing previous key Support/Resistance and inner trendline inside a range.
Strategy:
- I will keep this in my watchlist and monitor further
- If it break below S1, I will anticipate to go Short.
- If it break above inner trendline, I will waiting to Short near R1
Not
As price developed, it hit resistance, formed false breakout and closed below R1. Bear is now in control. Enter short position near resistance, TP before S1.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.