Quick breakdown of microstructure on the 5 and 15 min timeframe using Fibonacci.
There are many other ways I would breakdown price in that situation, however this was a spur of the moment video.
You must understand the general sentiment of price on the higher timeframe during instances like this. Specifically, NEAR has had a very strong run-up recently and is now recoiling to regain strength. The only reason I've thought about shorting in this moment is due to the fact that major resistances have been broken, and there is a high probability price needs to retest.
Another reason is because there is a clear momentum shift and price is near the top of that shift. This is a trade less risk averse traders would make, as it is usually unwise to fade a strong trend.
There are many other ways I would breakdown price in that situation, however this was a spur of the moment video.
You must understand the general sentiment of price on the higher timeframe during instances like this. Specifically, NEAR has had a very strong run-up recently and is now recoiling to regain strength. The only reason I've thought about shorting in this moment is due to the fact that major resistances have been broken, and there is a high probability price needs to retest.
Another reason is because there is a clear momentum shift and price is near the top of that shift. This is a trade less risk averse traders would make, as it is usually unwise to fade a strong trend.
註釋
Fib using the full structure break as a basis:Fib using initial range rejection as a basis:
End result of both views should be looked at as probabilistic outcomes when paired with other factors, this is ONLY a theory of how to look at price.
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。