Looking on the 4H, price has broken and closed above an area of resistance. When this happens it is expected that price must then retest the broken structure to continue up...or fall back into the zone which would then be a false breakout.
If the next few candles can close above this level showing some price rejection, this may be an indication of a possible leg up. Creating new ATHs.
If the next few candles can close above this level showing some price rejection, this may be an indication of a possible leg up. Creating new ATHs.
Trade chiuso: obiettivo raggiunto:
Letting 25% Float
Commento:
Letting 13% Float
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
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