Weekly Updates of the instrument could mean a reversal to the downside, what do we expect to see as confirmation of such an event?
Expectations:
I expect to see the price touch the upper parallel line and close the week on its lows, with a decent gap between the price closing and the upper parallel that is a sign of weakness on the chart.
Confirmation: We can allow the chart to do all the above and upon a retest of the upper parallel again you can place your entries. this is my preferred method of the test and retest, then I place a short buy and expect at least the middle line as my target profit.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.