hey traders. We might have an uptrend but it is important to take a note of this: Checkpoints
1. The market is still bearish, the prices will try to go down but for now, we have good volume to keep the uptrend.
2. The prices might bounce in R1, but if you see good volume, wait for the reversal price, and then the prices should cross R1, the same as R2.
3. After the prices cross over up R2, we might have to cross the MA200 and the same, the prices will bounce on the MA200 and we have to be ready for the downtrend because, it is possible that we won't be enough power of buyers to cross the MA200, so the prices will have a retracement until the pivot and repeat the same activity of bounces in the R1, and R2, or why not? the prices might cross down up the pivot and then go back to the downtrend.
Indicators MA 200, 20-8 RSI 8 MA8 Bolliger 20, Volume, Pivot points Levels. Intraday Strategy.
R3 14,149.47
R2 13,783.87
R1 13,655.23
PP 13,418.27
S1 13,289.63
S2 13,052.67
S3 12,687.07
1. The market is still bearish, the prices will try to go down but for now, we have good volume to keep the uptrend.
2. The prices might bounce in R1, but if you see good volume, wait for the reversal price, and then the prices should cross R1, the same as R2.
3. After the prices cross over up R2, we might have to cross the MA200 and the same, the prices will bounce on the MA200 and we have to be ready for the downtrend because, it is possible that we won't be enough power of buyers to cross the MA200, so the prices will have a retracement until the pivot and repeat the same activity of bounces in the R1, and R2, or why not? the prices might cross down up the pivot and then go back to the downtrend.
Indicators MA 200, 20-8 RSI 8 MA8 Bolliger 20, Volume, Pivot points Levels. Intraday Strategy.
R3 14,149.47
R2 13,783.87
R1 13,655.23
PP 13,418.27
S1 13,289.63
S2 13,052.67
S3 12,687.07