According to the chart structure the trend is negative.
Today we have an inverted Hammer type candle, the price is rejected from the resistance zone.
Personally I am waiting for a short trade the reason is that on the bigger time frames the correction is pending.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today we have an inverted Hammer type candle, the price is rejected from the resistance zone.
Personally I am waiting for a short trade the reason is that on the bigger time frames the correction is pending.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Note
As long as the price is below the retest (resistance) level we are in the negative zone. Also today we have a green candle with low high and low low. Technically this candle is not tradable.Note
As long as the price is below the retest (resistance) level we are in the negative zone.
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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.
Related publications
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.