NEXT WEEK IMPORTANT MOVE - DOLLAR TREE INC - 240MN - MY IDEA
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We observed that the DOLLAR TREE INC price have been going up but ranging between two very important lines.
The support blue line and the top resistance which has been at a higher level in the past.
This pressurized the price which try to get out of triangle range. Several pullbacks confirms our idea.
This has illustrated a very high pressure zone in which the market will be evolving from next week.
Next week is crucial!
We can't at the moment confirm at 100% a certain direction but the probability of seeing the market opting for the short side is higher because of the presence of a SUPER resistance above.
We can stay ready to enter:
-When one of the blue lines will be broken
-When a large candlestick will be formed.
Possibilities:
-The market could retest the support line to get some power on super pullback up, strong enough to break the resistance.
-The market could again test the resistance and break the support line. This would be the best for all traders as that support line is easier to break and is more likely to create opportunities for large profits.
____________________________________________________
We observed that the DOLLAR TREE INC price have been going up but ranging between two very important lines.
The support blue line and the top resistance which has been at a higher level in the past.
This pressurized the price which try to get out of triangle range. Several pullbacks confirms our idea.
This has illustrated a very high pressure zone in which the market will be evolving from next week.
Next week is crucial!
We can't at the moment confirm at 100% a certain direction but the probability of seeing the market opting for the short side is higher because of the presence of a SUPER resistance above.
We can stay ready to enter:
-When one of the blue lines will be broken
-When a large candlestick will be formed.
Possibilities:
-The market could retest the support line to get some power on super pullback up, strong enough to break the resistance.
-The market could again test the resistance and break the support line. This would be the best for all traders as that support line is easier to break and is more likely to create opportunities for large profits.