The chart has completed 3 levels and has now suggested that it is an exhaustion gap. Even has created a 'W' pattern. Suggestion: BUY
To those that don't understand the chart:
Green Boxes: These are zones.
Light Blue Lines: Are light areas of support and resistance where consolidation or small pullbacks might occur.
Red Lines: Lines where reversals or pullbacks might occur. This is also an area where the previous retractions had occurred.
Green Lines: These are Key levels; If these levels are broken, possible sign of a continuation of the current trend or a violation of the trend.
Yellow Lines: Current highest high and lowest low of the quarter.
Red Vertical Line: Represents the start of the quarter.
These set-ups, however, are not to be considered a SURE win. There are still many ways for us to see the trend; trading is a subjective factor. This is only a trading plan and must be also reviewed yourself before trading it. Every set-up I give is based from every quarter of the year. New charts are created at the end of the quarter.
Please add a comment... Positive feedback and constructive criticism are important to authors and the community.
Please add a comment... Positive feedback and constructive criticism are important to authors and the community.
To those that don't understand the chart:
Green Boxes: These are zones.
Light Blue Lines: Are light areas of support and resistance where consolidation or small pullbacks might occur.
Red Lines: Lines where reversals or pullbacks might occur. This is also an area where the previous retractions had occurred.
Green Lines: These are Key levels; If these levels are broken, possible sign of a continuation of the current trend or a violation of the trend.
Yellow Lines: Current highest high and lowest low of the quarter.
Red Vertical Line: Represents the start of the quarter.
These set-ups, however, are not to be considered a SURE win. There are still many ways for us to see the trend; trading is a subjective factor. This is only a trading plan and must be also reviewed yourself before trading it. Every set-up I give is based from every quarter of the year. New charts are created at the end of the quarter.
Please add a comment... Positive feedback and constructive criticism are important to authors and the community.
Please add a comment... Positive feedback and constructive criticism are important to authors and the community.