In my previous post about BICO,
I suggested that BICO might stop the months old downtrend and switch to an uptrend.
We now see a strong bull candle breaking through the resistance line - great evidence of a possible uptrend.
It might be too risky to enter now, but if the trend reverses back to the BOS line and bounce back, that might be a good entry point for LONG.
The volume also suggests strong signal for the start of an uptrend.
I expect a pullback as low as 0.2265.
I suggested that BICO might stop the months old downtrend and switch to an uptrend.
We now see a strong bull candle breaking through the resistance line - great evidence of a possible uptrend.
It might be too risky to enter now, but if the trend reverses back to the BOS line and bounce back, that might be a good entry point for LONG.
The volume also suggests strong signal for the start of an uptrend.
I expect a pullback as low as 0.2265.
Not
Not
Not
If we can confirm the reversal, this would be a good entry for LONG.
Not
The doji is intact for 30 minutes now - meaning the price is really refusing to submit to the 6 months old downtrend.Not
Despite previous doji star, the price fell again, touching the resistance line of the downtrend.
This is important - if the price shows rebound here, we might see a start of a strong uptrend.
If the price breaks through the line, however, our chances are low.
The price might eventually start a run, but we cannot trade based on mere hope.
Not
And now we see a reversal! If the price breaks through 0.224 line, that is a strong sign of an uptrend.
Not
Emir iptal
Unfortunately, the reversal did not take place.
The price may still go up, just not this time.
If we see another pattern later on, I'll upload a new post :)
God bless you :)
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.
God bless you :)
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.