Hourly Chart: Crossed below the support line continue to decline after a pullback. (Bearish)
Daily Chart: Island Top pattern. a strong sign of reversal. (Bearish)
Weekly Chart: Bearish Engulfing after a Doji. (Bearish)
Monthly Chart: failure to close above its resistance level. (Neutral-Bearish)
Change in Average Dollar Value of Trades: +8% in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish in May is the most probable scenario. (Price is moving toward 244)
Educational Article:
1- Megaphone or Broadening Pattern:https://www.investopedia.com/terms/b/broadeningformation.asp
2-Island Top Pattern: https://www.investopedia.com/terms/i/islandreversal.asp
3-Bearish Engulfing:
https://www.investopedia.com/terms/b/bearishengulfingp.asp
4-Resistance:
https://www.investopedia.com/terms/r/resistance.asp
5- Multi-timeframe Analysis:
https://www.investopedia.com/articles/trading/07/timeframes.asp
6- Dollar Volume:
https://www.investopedia.com/terms/d/dollar-volume-liquidity.asp
Daily Chart: Island Top pattern. a strong sign of reversal. (Bearish)
Weekly Chart: Bearish Engulfing after a Doji. (Bearish)
Monthly Chart: failure to close above its resistance level. (Neutral-Bearish)
Change in Average Dollar Value of Trades: +8% in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish in May is the most probable scenario. (Price is moving toward 244)
Educational Article:
1- Megaphone or Broadening Pattern:https://www.investopedia.com/terms/b/broadeningformation.asp
2-Island Top Pattern: https://www.investopedia.com/terms/i/islandreversal.asp
3-Bearish Engulfing:
https://www.investopedia.com/terms/b/bearishengulfingp.asp
4-Resistance:
https://www.investopedia.com/terms/r/resistance.asp
5- Multi-timeframe Analysis:
https://www.investopedia.com/articles/trading/07/timeframes.asp
6- Dollar Volume:
https://www.investopedia.com/terms/d/dollar-volume-liquidity.asp
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
إخلاء المسؤولية
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.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
إخلاء المسؤولية
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.