1 - price hit supply area, but not strong enough to reverse completely. we observe double bottom. price goes up.
2 - price hit another supply area and we saw a huge rejection wick which suggests its strength to reverse bias (going bearish)
3 - we see a bearish breakout
4 - price creates a lower low. we can also see QML pattern. High > Higher High / Low > Lower Low
5 - price closed on Friday with a huge bearish rejection. price also hits the trendline (black); price is on the fibonacci golden zone; price hits supply area (red). Therefore personally my bias for Monday is a SELL.
Disclaimer: this is not a financial advise.
2 - price hit another supply area and we saw a huge rejection wick which suggests its strength to reverse bias (going bearish)
3 - we see a bearish breakout
4 - price creates a lower low. we can also see QML pattern. High > Higher High / Low > Lower Low
5 - price closed on Friday with a huge bearish rejection. price also hits the trendline (black); price is on the fibonacci golden zone; price hits supply area (red). Therefore personally my bias for Monday is a SELL.
Disclaimer: this is not a financial advise.
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.