Analysis :
Two Scenarios are forseen
Buy :
Sell :
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
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- Price was in a descending channel,
- Price Breaks the descending channel top bound,
- Price is acutally on a Major resistance zone,
- Buyers are rejected twice on the major resistance zone .
Two Scenarios are forseen
Buy :
- Wait For Buyers to push the market up ,
- Wait For Buyers to retest our resistance zone which become support,
- Wait for a continuation candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
- Initiate BUY order,
- Targets next resistance zone ,
Sell :
- Wait For Buyers rejection confirmation,
- wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
- Initiate Sell order,
- Target ==> Next support Zone .
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
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