Hourly Chart: Crossed below the support line continue to decline after a pullback. (Bearish)
Daily Chart: Island Top pattern. a strong sign of reversal. (Bearish)
Weekly Chart: Bearish Engulfing after a Doji. (Bearish)
Monthly Chart: failure to close above its resistance level. (Neutral-Bearish)
Change in Average Dollar Value of Trades: +8% in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish in May is the most probable scenario. (Price is moving toward 244)
Educational Article:
1- Megaphone or Broadening Pattern:https://www.investopedia.com/terms/b/broadeningformation.asp
2-Island Top Pattern: https://www.investopedia.com/terms/i/islandreversal.asp
3-Bearish Engulfing:
https://www.investopedia.com/terms/b/bearishengulfingp.asp
4-Resistance:
https://www.investopedia.com/terms/r/resistance.asp
5- Multi-timeframe Analysis:
https://www.investopedia.com/articles/trading/07/timeframes.asp
6- Dollar Volume:
https://www.investopedia.com/terms/d/dollar-volume-liquidity.asp
Daily Chart: Island Top pattern. a strong sign of reversal. (Bearish)
Weekly Chart: Bearish Engulfing after a Doji. (Bearish)
Monthly Chart: failure to close above its resistance level. (Neutral-Bearish)
Change in Average Dollar Value of Trades: +8% in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish in May is the most probable scenario. (Price is moving toward 244)
Educational Article:
1- Megaphone or Broadening Pattern:https://www.investopedia.com/terms/b/broadeningformation.asp
2-Island Top Pattern: https://www.investopedia.com/terms/i/islandreversal.asp
3-Bearish Engulfing:
https://www.investopedia.com/terms/b/bearishengulfingp.asp
4-Resistance:
https://www.investopedia.com/terms/r/resistance.asp
5- Multi-timeframe Analysis:
https://www.investopedia.com/articles/trading/07/timeframes.asp
6- Dollar Volume:
https://www.investopedia.com/terms/d/dollar-volume-liquidity.asp
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.