The M-15 chart shows a bounce on Friday AH session from within a strong area of support with multiple conjunctions including a rejection candle with a lower wick and closing above the 200 EMA/SMA lines.
This area is also represents a historic support that was retested with the rejection candle, thus indicating a false breakdown and a true reversal to the upside. Thus one can anticipate a continuation of the Bullish move that started earlier in that same day.
SL & PT:
The bottom of the move can therefore serve as a fair area of support and SL. There are multiple PT's, most notable are VWAP and the previous day high.
Wishing you the best of luck with your trading.
This area is also represents a historic support that was retested with the rejection candle, thus indicating a false breakdown and a true reversal to the upside. Thus one can anticipate a continuation of the Bullish move that started earlier in that same day.
SL & PT:
The bottom of the move can therefore serve as a fair area of support and SL. There are multiple PT's, most notable are VWAP and the previous day high.
Wishing you the best of luck with your trading.
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.