1) Trend Analysis - Still in the downtrend (Didn't break any significant highs yet and the MA is still facing downwards)
2) Resistance Analysis - At the confluence of horizontal resistance (represented by the broken-green-line) and trend-line resistance (represented by dotted-blue-line).
3) Candle Analysis - No strong bulls yet. A big bull bar but no follow-through on closing basis. Big bull making a steep slope (represented by a small brown trendline in the charts) and probably showing that the market is in OVERBOUGHT AREA.
For more information, check out my previous post on the same topic... Links in the "Related Ideas" section.
For traders who want to know more about my techniques or have any queries, you can chat with me directly through private chats. I will reply you back as fast as I can. Kindly like this post. Also, please do comment in the comment sections below. And I will love it if you follow me.
Disclaimer -
All the ideas posted on these posts are published in good faith and for general educational purposes only. Satx98 does not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the ideas posted by me, is strictly at your own risk. I will not be liable for any losses and/or damages in connection with the use of my ideas.
2) Resistance Analysis - At the confluence of horizontal resistance (represented by the broken-green-line) and trend-line resistance (represented by dotted-blue-line).
3) Candle Analysis - No strong bulls yet. A big bull bar but no follow-through on closing basis. Big bull making a steep slope (represented by a small brown trendline in the charts) and probably showing that the market is in OVERBOUGHT AREA.
For more information, check out my previous post on the same topic... Links in the "Related Ideas" section.
For traders who want to know more about my techniques or have any queries, you can chat with me directly through private chats. I will reply you back as fast as I can. Kindly like this post. Also, please do comment in the comment sections below. And I will love it if you follow me.
Disclaimer -
All the ideas posted on these posts are published in good faith and for general educational purposes only. Satx98 does not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the ideas posted by me, is strictly at your own risk. I will not be liable for any losses and/or damages in connection with the use of my ideas.
