Note: Switch to 1h TF for better details.
Current Movement Stock Ranging Between Two Zones Red(Selling Zone) & Green(Buying Zone).
In case Stock pass through the Red Zone Resistance Zone. It has 3 Signification Resistances which you may Secure Your Profit.
Resistances Are:
1- Red Line (200MA)
2- First P.High(Previous High) @ 11.77 Price Level.
3- Second P.High Line @ 16.54 price Level
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.
Current Movement Stock Ranging Between Two Zones Red(Selling Zone) & Green(Buying Zone).
In case Stock pass through the Red Zone Resistance Zone. It has 3 Signification Resistances which you may Secure Your Profit.
Resistances Are:
1- Red Line (200MA)
2- First P.High(Previous High) @ 11.77 Price Level.
3- Second P.High Line @ 16.54 price Level
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.
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.