PAZINI19

QIIK: Trading range situation

QSE:QIIK   QATAR INTERNATIONAL ISLAMIC BANK QPSC
as you see on the graph there is a balance between buyers and sellers. We really don't have a real trend. However, if the resistance line and the vwap are forcefully broken by a large green candle and followed by a large green volume it means that we would have a very high probability that the market will go higher. Therefore you enter a buy position as soon as the second green candle appears for more insurance. Furthermore, the market can also go down if and only if the vwap and the support line are forcefully broken by a large red candle and accompanied by a large red volume. So you can enter a sell position as soon as the second red candle appears for more insurance.Thanks!
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