It seems to me , that the selling pressure in this share is over.
I think there are two possibilities of moving up:
1. Pure move, from this position to 41-42$
2. Testing buyers via pinbar (31.80-32.30$) (and also taking volume in position with the help of activating stoplosses of weak traders)
Anyway - i suppose, that new price range is 31.80$-41.44$ for the next 3-4-5 monthes. Critical points (31.82$ and 41.44$) are strong enough to provide new zones of support and resistance.
I think there are two possibilities of moving up:
1. Pure move, from this position to 41-42$
2. Testing buyers via pinbar (31.80-32.30$) (and also taking volume in position with the help of activating stoplosses of weak traders)
Anyway - i suppose, that new price range is 31.80$-41.44$ for the next 3-4-5 monthes. Critical points (31.82$ and 41.44$) are strong enough to provide new zones of support and resistance.
Note
Note
Market seems to be very weak. I am afraid about having a gap down from opening.
Trade closed: stop reached
I will wait for another opportunity.Trade active
It's time to try again. Buy 31.80-32.00
Stop 31.30
Take Profit 1: 36.00
Taake profit 2: 41.00
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Telegram, ideas, and articles (UKR)
t.me/SVTRADINGIDEAS
t.me/SVTRADINGIDEAS
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.