Price will Re-test Blue Line.
Blue Line act As Strong Support level now.
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 (safe way):
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
Blue Line act As Strong Support level now.
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 (safe way):
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
Red Zone is Final Target for this movement but it still yet far.Trade closed: target reached
Note
Wait for Confirmation don't jump the market not stable these days. it seems to me like Bull Trap Despite all positive news going on.Note
.05 Fibo entryNote
3000 years later....Note
i just want to prove a point that price re-test the .50 Fibo level most of time and its safest entry.Major indices at major resistances I tend to not trade anything today sometimes and do different staff online.
Note
Just Last Update how it ended up with the close.The Candle indicating Up movement by tomorrow "hopefully no sudden hazard news"
We Waited to re-test Line. Marubozu Candle to Show Up. then buy on 0.5 Fibo (usually my stop loss 2% very tight)
Cheers & Take Care !
Note
Now CRSP will target range of 40-60% profit to red zone (watch out for any selling pressure at Red Zone), have fun bye!Note
for short term traders.take profit line is dangerous zone.
Note
selling volume too high stop loss reached.Major indices dragging stocks down since its all at major resistances.
Note
Insider was buying stocks equal of 51M $, which was behind the huge selling pressure and break of Blue Line.Once inside Buy it means only one thing stock under-valued.(which is)
Now CRPS back to Up-Movement Strongly.
Personally I will Buy stock now once i see any pullback during session specially early hour.
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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.