Hi there!
Situation is little complex again.
Fundamentals of global world situation can give some acceleration to the global market, and we should be carefully because the possible strong volatility of the market in next few months.
We have clear targets, supports and resistances.
Market is at crucial level again and this can be the level where the market pulls some triggers up or down!
Situation is little complex again.
Fundamentals of global world situation can give some acceleration to the global market, and we should be carefully because the possible strong volatility of the market in next few months.
We have clear targets, supports and resistances.
Market is at crucial level again and this can be the level where the market pulls some triggers up or down!
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Closer look
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If the rejection will happen from crucial level, we can have a nice 3-3-5 and target can be the shoulder level!
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Complex situation
Price is nearby to ultra strong multi resistance level.
Rejection from here can lead to our downside target.
Price is nearby to ultra strong multi resistance level.
Rejection from here can lead to our downside target.
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We start somewhere from here as backtest
The backtest level is still valid just little higher how the time goes by!
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And we should not forget the big picture.
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Opportunity In case of forming triangle.
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triangle vs breakout backtest
Let's maximize our probability the rest is only question of risk management!
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.