Trend Negative, Strength Medium
The degree and nature of separation in both bands indicates a negative trend.
The price is trading on the lower side of STMA Band.
The probability of a next negative candle is more than 70%.
Important levels are marked on the chart.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The degree and nature of separation in both bands indicates a negative trend.
The price is trading on the lower side of STMA Band.
The probability of a next negative candle is more than 70%.
Important levels are marked on the chart.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Note
Today we have a Red Hammer candle with Low High and Low Low.The price is following the downtrend but fails to give a close below the previous close.
This Hammer candle decreases the probability of down side by 10%.
I am waiting for a confirmation to enter a short trade.
Note
The price is following the downtrend.
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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.