BIDU-- a trend reversal pattern?
on this 1 year chart a trend reversal pattern is spotted. However based on this heikin ashi it is clear that a short term downtrend is expected. One can buy put or short sell and TP at the level indicated in the chart. The red candle pierced down through the 9 sma.
Trade active
Trend Reversal Pattern.. about to confirm. Rules 1) it breaks out the trendline resistance. 2) it breaks out the previous high 3) should be testing the previous high i.e support - if all met, here we go for a good bull riding
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.