In Search For a Doji At June Close

Güncellendi
Hi all,

There's just one day ahead of monthly close and right now it's all about that close. If we manage to close at $37,253, we will get a doji candle on the monthly chart and then a pull back makes sense. I bet we will pump at the last hours to get this, just like the past few candles. It looks so engineered to me, given the empty volume candles. I don't like the price / volume divergence as the volume should increase in an upward trend. We stayed mostly under the average and yet here we are at 36k. I think it's more risky to buy here than 30k as we are approaching to the top of trading range. Patience required.

Let's review the bullish case i shared yesterday;

Done(ish):
1- We are likely to get a higher high today with the break of supply trendline. Not a strong break imo and some traders use trendline from the UTAD of distribution which is not broken yet.

anlık görüntü

Still need to close above:
2- 37,253 - the close of May and the point of control.
3- 37,770 - the 50 period MA (forgot this yesterday)
4- 41.346 - top of the trading range (42+ would be a breakout imo)

Remember i have exited at 40k, so i'm ok with getting back in at these levels. You should not trade with my advice and make your own decisions.

Trade safe.

Not
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