We see from the chart price has been moving in a downtrend, recently consolidated for a bit, then broke out and is now trying to find support.
Can we see a LONG run? Let's find out.
What we would need:
Markup:
The yellow vertical line is a visual of where we are trapping price.
The dotted trendline is a visual showing the break of the trend.
The solid trendline is a visual showing price respecting the movement.
Can we see a LONG run? Let's find out.
What we would need:
- Retest of the trendline
- Support being shown
- Price Action/Candlestick Patterns
Markup:
The yellow vertical line is a visual of where we are trapping price.
The dotted trendline is a visual showing the break of the trend.
The solid trendline is a visual showing price respecting the movement.
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The orange line is where I assume resistance will be for the next few candles.
Still moving the direction for our setup.
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We should see a push happening hereNot
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If you view the live data above as of this comment - price is looking for support which seems like the breakout is the potential target for a setup - just as it did before!Wouldn't that be a treat !
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.