With updated information I can see price is in a range. Currently, price is in a bullish phase and I am soon expecting a topping process and a roll over. The daily trend should then switch bearish and take out all of the bull side liquidity. The low of April 21st should also be taken.
All of this bearish price action down to revisit the lows will be the order flow needed to then resume the ultimate bullish trend and break out of 46,000.
In a range situation, any swing points will be taken, especially near the middle. Buy low near the bottom 25% and sell high near the top 75%
This is my updated gameplan to trade this giant, 10,000 tick range on the daily chart.
Summary:
Currently, still in bullish phase
Looking for a topping process
Change to bearish phase
Take out of low
Change to bullish phase
Breakout of 46,000
All of this bearish price action down to revisit the lows will be the order flow needed to then resume the ultimate bullish trend and break out of 46,000.
In a range situation, any swing points will be taken, especially near the middle. Buy low near the bottom 25% and sell high near the top 75%
This is my updated gameplan to trade this giant, 10,000 tick range on the daily chart.
Summary:
Currently, still in bullish phase
Looking for a topping process
Change to bearish phase
Take out of low
Change to bullish phase
Breakout of 46,000
Nota
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.