A bearish bat may just be a better opportunity in engaging the trade. I chose to temporarily ignore the spike(black eclipse) as the market just spike down in seconds on a 396pips of market movement. It did give me my profits on that but also understanding the candlestick chart, I've chosen to intervene and exit trades for my second target that has already been summarised on my previous post(check link on related ideas below).
I've plotted an equal distance move projection, and both of them terminate close to each other its ends near the resistance level too(look left).
A break and close below the accelerated trendlines confirm the downward move.
I've plotted an equal distance move projection, and both of them terminate close to each other its ends near the resistance level too(look left).
A break and close below the accelerated trendlines confirm the downward move.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Related publications
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.