Long
1HR MTL Perspective
Metal recently hit a huge spike in price and has experienced a pullback. It has found some support at 50k and resistance at 59k. Also, it is trading in this wedge which it getting tighter and tighter. The wedge isn't key support; however, its break could be a catalyst to test key support/resistance levels.
Am i bullish on Metal?
Not yet; however, I could be. There is very little resistance after we break the 59k level. If the hourly candle can close above that, then I'll likely buy in.
On the other hand, if it breaks the key support level, then I'll be steering clear.
DISCLAIMER:
This is just my opinion so take this advice at your own risk! Good luck and happy trading everyone! :]
Am i bullish on Metal?
Not yet; however, I could be. There is very little resistance after we break the 59k level. If the hourly candle can close above that, then I'll likely buy in.
On the other hand, if it breaks the key support level, then I'll be steering clear.
DISCLAIMER:
This is just my opinion so take this advice at your own risk! Good luck and happy trading everyone! :]
Note
Has broken the bottom of the wedge; however, if you're holding - no exit signal from break of key support level, yet.
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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.