Scenario1 breakout offered a fantastic week.
Hope you had joined in the ride. Target 13740 hit, and AR tested.
Possible Scenarios:
1) Continuation Long Strategy: Long on retracement. Price has to
come down on low volume
2) Breakout failure: If there is strong volume on down move,
it may signify a yet to be completed rotation, with more potential for
downside (zone 13740 - 10710)
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
15269 13740-13913
13350 12950
Price Volume Analysis:
Weekly: Ave vol up bar close off high = potential weakness
Daily: 19 May UT bar, ave vol= = potential weakness
Like and follow if you find this useful.
Have a profitable trading week.
*For education purpose only.
Hope you had joined in the ride. Target 13740 hit, and AR tested.
Possible Scenarios:
1) Continuation Long Strategy: Long on retracement. Price has to
come down on low volume
2) Breakout failure: If there is strong volume on down move,
it may signify a yet to be completed rotation, with more potential for
downside (zone 13740 - 10710)
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
15269 13740-13913
13350 12950
Price Volume Analysis:
Weekly: Ave vol up bar close off high = potential weakness
Daily: 19 May UT bar, ave vol= = potential weakness
Like and follow if you find this useful.
Have a profitable trading week.
*For education purpose only.
İlgili yayınlar
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.
İlgili yayınlar
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.