NAS100, H4 Breakout or Fakeout? previous Idea explained
check the previous idea first.
it is important to note that indices are always on the rise and cannot be viewed or traded same way as forex pairs.
some techniques are applicable to both but one must be very careful here as price isn't driven by similar factors.
the chart displayed shows candlestick (1 = hanging man, 1x2 = bearish engulfing ) patterns suggesting a SHORT.
if we check backwards, there are similar or more concrete candlestick pattern signifying SHORT that didn't hold eventually.
The D1 TF shows a shooting star suggesting a Short position however, it was still outside the trend.
my bias remains LONG until i see enough reasons to think otherwise
it is important to note that indices are always on the rise and cannot be viewed or traded same way as forex pairs.
some techniques are applicable to both but one must be very careful here as price isn't driven by similar factors.
the chart displayed shows candlestick (1 = hanging man, 1x2 = bearish engulfing ) patterns suggesting a SHORT.
if we check backwards, there are similar or more concrete candlestick pattern signifying SHORT that didn't hold eventually.
The D1 TF shows a shooting star suggesting a Short position however, it was still outside the trend.
my bias remains LONG until i see enough reasons to think otherwise
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.
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.