After Sudden Contract Deal.
Better to not follow the Stock and wait for re-trace.
P.High(Previous High) act As good support level to wait for Strong Buyers to Step-in.
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 15M TF when Marubozu Candle show up which indicate strong buyers stepping-in.
Buy on 0.5 Fibo Level of the Marubozu Candle, because price will always and always re-test the imbalance.
Better to not follow the Stock and wait for re-trace.
P.High(Previous High) act As good support level to wait for Strong Buyers to Step-in.
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 15M TF when Marubozu Candle show up which indicate strong buyers stepping-in.
Buy on 0.5 Fibo Level of the Marubozu Candle, because price will always and always re-test the imbalance.
Note
P.High updated to 216.60$ price levelTrade active
Hakuna Matata, just waiting Note
Oracle targeting 240-250$ price level initially.Waiting for re-trace at blue line as mentioned line before for new run.
its no surprise that major indices showing weakness which generally not good since market will follow accordingly.
Trade closed: target reached
Hi Guys G0o0oD Moring!Target Reach now we wait for what we mention before "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."
In Case its not holding no showing Power Showed Up! its fine who cares as mentioned before " its no surprise that major indices showing weakness which generally not good since market will follow accordingly."
The 1h Green Zone Is Solid Support we really dont have much supports but let wish Dady market maker stepin with his infinite money, Cheers!
Note
exactly respect the support P.High GegeNote
despite respecting the support level, the volume is low indicating its dangerious to join in. better be safer outside
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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.