This is the setup for sell limit or if you want to sit and watch the market.
About this setup, why did I sell at the top like that.
* In trading, waiting is important.
1. current price is falling but facing strong resistance (horizontal bar) but it has had 4 times to touch and rebound.
2. The yellow trendline has 2 touches and if touching again it is likely to fall.
3. Price is being supported by KC and EM200 (there are 2 times the price was supported).
>>> In my opinion, the price will bounce up to near the peak then return to form a bearish S&H model, and a false breakthrough.
>>> All we need to do now is wait for the entry area and the reversal signal to enter.
Wish everyone good luck and success.
About this setup, why did I sell at the top like that.
* In trading, waiting is important.
1. current price is falling but facing strong resistance (horizontal bar) but it has had 4 times to touch and rebound.
2. The yellow trendline has 2 touches and if touching again it is likely to fall.
3. Price is being supported by KC and EM200 (there are 2 times the price was supported).
>>> In my opinion, the price will bounce up to near the peak then return to form a bearish S&H model, and a false breakthrough.
>>> All we need to do now is wait for the entry area and the reversal signal to enter.
Wish everyone good luck and success.
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.
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.