Use this as a guide to develop your view of the chart:
Main items we can see on the Daily chart:
a)Currently, the price is on a massive Resistance zone
b)We can see in the past that every time the price approaches the zone from below, we had a correction there
c)The correction can lead to a bearish continuation or a simple correction for a bullish movement.
LONG SCENARIO: The price should correct towards 2700-2725, and after that, if there is a breakout of the correction and the price is above it, we expect a continuation movement until the next resistance zone at 2950
SHORT SCENARIO: If the price reaches 2725-2700 and keeps falling, we will assume that the bullish scenario is invalid. Our Target for that bearish movement will be 2600. There we will expect a reaction
Remember: Our Main idea is that if this bullish movement is a correction of the previous bearish one from all-time highs, it Is not ready yet (we need something similar like the 2 ovals we draw on the chart. BEFORE thinking about selling the market.
Main items we can see on the Daily chart:
a)Currently, the price is on a massive Resistance zone
b)We can see in the past that every time the price approaches the zone from below, we had a correction there
c)The correction can lead to a bearish continuation or a simple correction for a bullish movement.
LONG SCENARIO: The price should correct towards 2700-2725, and after that, if there is a breakout of the correction and the price is above it, we expect a continuation movement until the next resistance zone at 2950
SHORT SCENARIO: If the price reaches 2725-2700 and keeps falling, we will assume that the bullish scenario is invalid. Our Target for that bearish movement will be 2600. There we will expect a reaction
Remember: Our Main idea is that if this bullish movement is a correction of the previous bearish one from all-time highs, it Is not ready yet (we need something similar like the 2 ovals we draw on the chart. BEFORE thinking about selling the market.
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.