I like the price setup that is developing.
The price action is at the lower range of the linear regression channel pattern.
When the price action is at the lower range of an upward-sloping linear regression channel pattern, it can be a bullish setup because it indicates that the price has pulled back to a support level within the channel. This support level can act as a launching pad for a new upward move in the price of a share, as buyers may see the pullback as a buying opportunity and push the price back up towards at least the mid-range of the channel.
I will wait for some confirmation of the break of the 200-day, which is around
12000, before attempting a long position.
As long as the trend remains above 11400, it supports a bullish trend direction.
Below the 200-week, which is around 10900, Negate the bullish bias at this level.
Remains a risky trade.
The price action is at the lower range of the linear regression channel pattern.
When the price action is at the lower range of an upward-sloping linear regression channel pattern, it can be a bullish setup because it indicates that the price has pulled back to a support level within the channel. This support level can act as a launching pad for a new upward move in the price of a share, as buyers may see the pullback as a buying opportunity and push the price back up towards at least the mid-range of the channel.
I will wait for some confirmation of the break of the 200-day, which is around
12000, before attempting a long position.
As long as the trend remains above 11400, it supports a bullish trend direction.
Below the 200-week, which is around 10900, Negate the bullish bias at this level.
Remains a risky trade.
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。