Closing Price Analysis

5 Eki 2021

The daily chart showing closing prices reveals a pattern of ascending lows and a resistance level of 5.900 which has developed over the past 8 days. The volatility, especially during after-hours trading, makes discerning a meaningful pattern out of the candles difficult, so an orange line tracing the closing prices was added for closing price analysis.

The script for tracing closing price is very simple:

study("Closing Price", overlay=true)
plot(close)

6 Eki 2021

İşlem elle kapatılmış

Welp, that worked out well. Price jumped a little quicker than I think is sustainable in one day (~10%) so for now I took profits and am neutral. I'm waiting for a retest down to 5.900-6.000 range to buy back in.