I wouldn't characterize the price action we see inside the channel as typical of a channel. Normally, price is choppy, we see a lot of wicks and alternating colour candles.
Instead here we see expansive moves - moves up, moves down running for several days at a time.
In fact, the downward move from March to May looks far more like consolidation, yet clearly had a downward bias.
The opportunity: The bulls have work to do at this level. If they don't cause a bounce off dynamic support, the short opportunity presents.
My play is to wait or today's close. A close below yesterday's low, on the daily charts sets me up for a move lower.
Instead here we see expansive moves - moves up, moves down running for several days at a time.
In fact, the downward move from March to May looks far more like consolidation, yet clearly had a downward bias.
The opportunity: The bulls have work to do at this level. If they don't cause a bounce off dynamic support, the short opportunity presents.
My play is to wait or today's close. A close below yesterday's low, on the daily charts sets me up for a move lower.
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Moving wellİşlem kapandı: hedefe ulaştı
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.