Any thoughts on this scenario? would P1 and P2 qualify as double peak (supposedly a bullish formation), and is it in your opinion consistent with the later emerging upward trend (double channel)?
As I understand it, a prerequisite for a bullish development is the high traded volume at Peak2 (bottom).
Any opinions and contributions much appreciated!
Inverse head and shoulders pattern has formed, closes above 180 will most likely reverse the trend. Possible golden cross MA50 MA200
Entry would be at MA50 or retest of 180...
I see a potential reversal of trend at the 200MA for equinor as it starts forming a cup and handle. Increased chances as it aims to fill up gap before resuming bullish trend.
Write sometning about your psyhology thinking before trade? It was vaccation day and i am qute in good psyhological shape
Describe the trade. What you see? This will be trading between support and resiszance lines. price will bounce down
What have I done well for this trade? enter point accordig to resistance topology
What can I take away to help with later...
