Note: Lower TF to 1h or 4h to see better details.
Recently Trump lift chips design prohibition to be sent to china. (Positive to CDNS)
Stock Obvious and clearly at major resistance with such news it expected to open Gap Up.
following the stock would be mistake unless stock open in pre-market with price level similar to close.
better to wait stock to open gap up. Re-test the major resistance.
that would be major support level and safe entry for price to go higher.
Note: 1- Potentional of Strong Buying Zone:
We have two scenarios must happen at The Mentioned Zone:
Scenarios One: strong buying volume with reversal Candle.
Scenarios Two: Fake Break-Out of The Buying Zone.
Both indicate buyers stepping in strongly. NEVER Join in unless one showed up.
2- How to Buy Stock:
On 1H TF when Marubozu/Doji Candle show up which indicate strong buyers stepping-in.
Buy on 0.5 Fibo Level of the Marubozu/Doji Candle, because price will always and always re-test the
Recently Trump lift chips design prohibition to be sent to china. (Positive to CDNS)
Stock Obvious and clearly at major resistance with such news it expected to open Gap Up.
following the stock would be mistake unless stock open in pre-market with price level similar to close.
better to wait stock to open gap up. Re-test the major resistance.
that would be major support level and safe entry for price to go higher.
Note: 1- Potentional of Strong Buying Zone:
We have two scenarios must happen at The Mentioned Zone:
Scenarios One: strong buying volume with reversal Candle.
Scenarios Two: Fake Break-Out of The Buying Zone.
Both indicate buyers stepping in strongly. NEVER Join in unless one showed up.
2- How to Buy Stock:
On 1H TF when Marubozu/Doji Candle show up which indicate strong buyers stepping-in.
Buy on 0.5 Fibo Level of the Marubozu/Doji Candle, because price will always and always re-test the
Note
in case Major Resistance holding green 1H Zone is Valid Support level.Trade active
1D TF Chart, Since Price Not Able To Go Above Major Resistance.
Green Zone Is Safe Entry.
Trade closed manually
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.