AN INTRADAY (2 HOUR TIME FRAME) HIGH POTENTIAL, BACK TESTED SORT ANALYSIS.
1) THREE TOPS DIVERGED TO CCI OSCILLATOR FOR BEARISH MOVEMENT
2) TRENDING CHANNELS LINE BREAKOUT.
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
1) THREE TOPS DIVERGED TO CCI OSCILLATOR FOR BEARISH MOVEMENT
2) TRENDING CHANNELS LINE BREAKOUT.
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
Trade closed manually:
Consolidation channel shaped by 6 last daily candles, looks like a reversal falling wedge rather than a bear flag.
Taking under consideration four in a raw black shadowed denials as depicted in the chart (yellow arrows), we would rather exit at the breakeven with zero losses close to 69.56$ with potential commissions paid as well.
Taking under consideration four in a raw black shadowed denials as depicted in the chart (yellow arrows), we would rather exit at the breakeven with zero losses close to 69.56$ with potential commissions paid as well.
Comment:
Best Regards.