Hello folks!
Idea 1 - We can look at it as an inverted head and shoulder pattern with neckline at 930, with a potential target of 1000 - assuming a breakout with good volume
Idea 2 - Think of it as a double top pattern that is approaching the support - do not enter right away until the momentum downwards slows down - Better to see the price action pattern at 830 levels (enter with a green candle) for a target of 900 with SL around 803 risk reward here is 1:3
Idea 3 - See if it breaks the trendline and goes down to the 750 levels where it has both 200MA support and a demand zone, at which point an entry can be considered for a target of 930 (the previous swing high) - SL should be below the 200 MA , giving you an excellent risk reward setup of 1:9
I am new to this - so if anyone feels like chiming in, please feel free to do so.
Thank you for reading.
Idea 1 - We can look at it as an inverted head and shoulder pattern with neckline at 930, with a potential target of 1000 - assuming a breakout with good volume
Idea 2 - Think of it as a double top pattern that is approaching the support - do not enter right away until the momentum downwards slows down - Better to see the price action pattern at 830 levels (enter with a green candle) for a target of 900 with SL around 803 risk reward here is 1:3
Idea 3 - See if it breaks the trendline and goes down to the 750 levels where it has both 200MA support and a demand zone, at which point an entry can be considered for a target of 930 (the previous swing high) - SL should be below the 200 MA , giving you an excellent risk reward setup of 1:9
I am new to this - so if anyone feels like chiming in, please feel free to do so.
Thank you for reading.
Not
Forgot to turn on the 200 MA - it will make sense when you turn it on (currently at 753)
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.