A good shorting opportunity - Pin bar on 4 hours time frame
Reasons:
1) It is at %23.6 major Fibonacci level.
2) 2 Major pitchfork parallels acting as strong resistance for the last 3 years.
3) Using cyclic lines pattern the previous key lines were two key pivotal points
4) It is overbought
The bearish move would be validated by another significant red candle following this pin bar.
On the daily time frame, a close above 0.76559 is required to confirm the bullish move.
The overall longterm bias is bullish.
See the related post:
1) It is at %23.6 major Fibonacci level.
2) 2 Major pitchfork parallels acting as strong resistance for the last 3 years.
3) Using cyclic lines pattern the previous key lines were two key pivotal points
4) It is overbought
The bearish move would be validated by another significant red candle following this pin bar.
On the daily time frame, a close above 0.76559 is required to confirm the bullish move.
The overall longterm bias is bullish.
See the related post:
免責聲明
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。