On CL1 we would have a high probability of having an upward trend given the configuration on the chart. Indeed, we are in a bearish channel situation with a succession of numerous red candles accompanied by numerous red volumes.
To enter a position, you must wait until the resistance line and the vwap indicator are broken forcefully by a large green candle and followed by a large green volume. Therefore, you can enter a position as soon as the second green candle appears.
To enter a position, you must wait until the resistance line and the vwap indicator are broken forcefully by a large green candle and followed by a large green volume. Therefore, you can enter a position as soon as the second green candle appears.
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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.
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.