NASDAQ:LK
Potential short if levels described on chart are broken.
All Information on chart.
NOTE: Tradingview won't let me post 5 minute chart so I will provide it for a more detailed look below.
Use proper risk management and stoploss, always! Happy trading!
Potential short if levels described on chart are broken.
All Information on chart.
NOTE: Tradingview won't let me post 5 minute chart so I will provide it for a more detailed look below.
Use proper risk management and stoploss, always! Happy trading!
Comment:
Comment:
Comment:
Picture Above -------
The short term clusters appear to fit where the pullback has already occurred so if this level holds perhaps we can keep going up if get a ton of buying volume and a break of previous mentioned criteria.
There is a break in symmetry of the golden dotted line, this may be a strong indication of a change in trend from the previous downtrend.
The Intermediate term clusters are a potential buy zone if the short term cluster fails, as well as the other criteria already mentioned are surpassed.
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Volume analysis shows increasing upside volume which we want to see in an uptrend, and decreasing sell volume, also there was a ton of volume in this pullback but bears couldn't yet push it down to critical levels where support would fail.
I do see an increase in short volume interest which corroborates a pullback to lower levels.
We'll definitely find out where she wants to go on Monday. 👍
Cheers,
-Ben
The short term clusters appear to fit where the pullback has already occurred so if this level holds perhaps we can keep going up if get a ton of buying volume and a break of previous mentioned criteria.
There is a break in symmetry of the golden dotted line, this may be a strong indication of a change in trend from the previous downtrend.
The Intermediate term clusters are a potential buy zone if the short term cluster fails, as well as the other criteria already mentioned are surpassed.
-------------------------------
Volume analysis shows increasing upside volume which we want to see in an uptrend, and decreasing sell volume, also there was a ton of volume in this pullback but bears couldn't yet push it down to critical levels where support would fail.
I do see an increase in short volume interest which corroborates a pullback to lower levels.
We'll definitely find out where she wants to go on Monday. 👍
Cheers,
-Ben
Comment:
Trade closed: target reached
IF LONG : If blue support holds and price climbs above high volume node at 5.70 then chart might forming and ascending triangle pattern and will once again hit price target at GOLDEN ARROWS.
LONG TERM TARGET IF LONG : ORANGE DASHED LINES
@ $9.34
@ $20.00 (Top of previous gap down)