Price Is Respecting The Demand Zone
The price shows respect the Demand Zone with bullish engulfing candles on the 4 hours frame.
I see that if the price retests the zone again then we should wait until a reversed head & shoulder or a double bottom patter is shaped and the neck line is broken to look for buying opportunities accordingly.
On the other hand if the price continues going higher without retesting the demand zone again then the new scenario should be waiting for a head & shoulder / double top pattern to be created in the supply zone 1 or supply one 2.
DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBE FOR YOUR TRADES
I see that if the price retests the zone again then we should wait until a reversed head & shoulder or a double bottom patter is shaped and the neck line is broken to look for buying opportunities accordingly.
On the other hand if the price continues going higher without retesting the demand zone again then the new scenario should be waiting for a head & shoulder / double top pattern to be created in the supply zone 1 or supply one 2.
DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBE FOR YOUR TRADES
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.