Textbook VCP and high price ensues in the future?
BUY
- Buy at 510 – textbook VCP pattern – if it’s able to break 535 – there will be more strengths
- However, vcp is not a biblical pattern – market sentiment is important – enough volume during the next few days will push it higher
SELL
- Nail down profits according to your own plan
RATIONALE
- Whole steel sector is doing great
- Took around 140 days to build a base
- Higher RSI might indicate stronger buying hence indicate stronger buying force
**the analysis is solely for my own references and learning
- Buy at 510 – textbook VCP pattern – if it’s able to break 535 – there will be more strengths
- However, vcp is not a biblical pattern – market sentiment is important – enough volume during the next few days will push it higher
SELL
- Nail down profits according to your own plan
RATIONALE
- Whole steel sector is doing great
- Took around 140 days to build a base
- Higher RSI might indicate stronger buying hence indicate stronger buying force
**the analysis is solely for my own references and learning
註釋
formation of bullish flag?
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。
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。