The_Cannalyst

Double Bottom vs. GAP

The_Cannalyst Mis à jour   
NASDAQ:ENDP   None
30
The Long/midterm momentum is still bearish.
There is a still open gap which can be seen as a resistance Zone.
Will ENDP dive through that gap, the finishing of a calssical Double Bottom can be started. That means concretely:
Prices above 18.25$ can indicate a longsignal with TP = 26$
Prices below 13.3$ will accellerate the bearish momentum, here i exspect a fast selloff move. (procyclical trade)
Anticyclical shortpositions can be opened at the gaps bottom edge for example - here could be the shortterm tp @ 13,2$
The Zone between 13-18.25 is neutral
Commentaire:
Commentaire:
gap nearly closed..watch the rsi!!
Commentaire:

Idées en relation

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.