btc usd perpetual PHEMEX
-On 4 hour ichimoku cloud we see a green cloud with a fox heads shape.
-One of my fib extension zones match the size of the snout
HOWEVER
-After that we have printed some red cloud on the 4 hour
-On this chart when we look at the 3 hour cloud we see the red cloud matching the size of the same fib extension zone and even more red cloud being printed
-What does this tell us? Possibly that the red cloud will continue to form due to that zone on the fib extension showing stronger confluence towards resistance
-Possible head and shoulders forming to perpetuate the idea of this zone of confluence being a resistance not a zone of support
-Blue conversion line is crossing the price action to the upside indicating bearishness
-If I were to look for a long entry it would have to break my fib extension level of 52.8k
-One of my fib extension zones match the size of the snout
HOWEVER
-After that we have printed some red cloud on the 4 hour
-On this chart when we look at the 3 hour cloud we see the red cloud matching the size of the same fib extension zone and even more red cloud being printed
-What does this tell us? Possibly that the red cloud will continue to form due to that zone on the fib extension showing stronger confluence towards resistance
-Possible head and shoulders forming to perpetuate the idea of this zone of confluence being a resistance not a zone of support
-Blue conversion line is crossing the price action to the upside indicating bearishness
-If I were to look for a long entry it would have to break my fib extension level of 52.8k
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.