Trading Strategy For CSE global

١٨ أغسطس ٢٠٢٠

1. Trend Analysis
Downtrend

2. Indicator analysis
Weekly 150SMA
Increasing volume
overrated MACD ( Bearish)
Overbought RSI w low vol (bearish)

3. Trendline Analysis
Due to closure below primary trendline(yellow)
,buyers are afraid of entering as a major
drop may happen.

4..S&R Analysis
Support comes at Primary trendline (in yellow)
Resistance at upper channel line( in green)

5. Breakout Analysis
Elliot wave Charting with key fib in place and
predicted movement in orange

6. Pattern analysis
Recovery or reversal from double btm


Trading Plan (Impulsive Elliot wave)
Entry @ around 0.5 when it comes back from 0.625
Stop loss: weekly close below 0.4
TP(1):0.99 ~ 1
TP(2): 1.125

Pls DYODD