Looks like exhaustive buying on 4 hour
Reason:
4 hour chart shows what looks like exhaustive buying as price looks like it is leaning over and could not break the prior swing high.
Strategy:
Rally up could be protected by 0.638. Stop will be placed beyond this price level.
Top of descending channel would coincide with approximately 705 fib retrace.
4 hour chart shows what looks like exhaustive buying as price looks like it is leaning over and could not break the prior swing high.
Strategy:
Rally up could be protected by 0.638. Stop will be placed beyond this price level.
Top of descending channel would coincide with approximately 705 fib retrace.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.