ZW is shown as the December 2023 contracts on the 2H chart have reversed
in the past two days and price has increased over 2% in that interval.
The indicators show a flip in the volatility and a blue bar volume spike
in the reversal. Price is presently about 15% below the double tops and
pivot highs of June and July. Price is presently crossing over the mean
VWAP anchored 7-8 trading days ago and so demonstrating the bullish
momentum of the past couple of days.
I see this as an excellent long trade setup especially suitable to using
leverage in the trade and expect the uptrend to potentially capture
a 7-8% gain in the retracement of the downtrend then amplified by
the leverage applied.
in the past two days and price has increased over 2% in that interval.
The indicators show a flip in the volatility and a blue bar volume spike
in the reversal. Price is presently about 15% below the double tops and
pivot highs of June and July. Price is presently crossing over the mean
VWAP anchored 7-8 trading days ago and so demonstrating the bullish
momentum of the past couple of days.
I see this as an excellent long trade setup especially suitable to using
leverage in the trade and expect the uptrend to potentially capture
a 7-8% gain in the retracement of the downtrend then amplified by
the leverage applied.
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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.