repeating previous pattern?
1. Price currently in Stage 2 Stan Weinstein analysis (price above MA200)
2. Currently price testing MA50
- try to validate the uptrend continuation
3. Current price movement (base) create almost the same pattern as previous base
- (1) testing resistance and temporary breakout
- (2) fake breakout
- (3) another test on resistance before genuine breakout occur
Summary: interesting to look on if
- price make multiple test on resistance before rebound on MA50 and breakout
or
- price directly breakout resistance level
Disclaimer:
This technical analysis idea is only for the purpose of study and personal analysis only. Any buy or sell actions taken should be based on your own analysis. Trade at your own risk.
2. Currently price testing MA50
- try to validate the uptrend continuation
3. Current price movement (base) create almost the same pattern as previous base
- (1) testing resistance and temporary breakout
- (2) fake breakout
- (3) another test on resistance before genuine breakout occur
Summary: interesting to look on if
- price make multiple test on resistance before rebound on MA50 and breakout
or
- price directly breakout resistance level
Disclaimer:
This technical analysis idea is only for the purpose of study and personal analysis only. Any buy or sell actions taken should be based on your own analysis. Trade at your own risk.
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