pantheo
Short

France: No confluence short or the art of patience II

FX:FRA40   CAC 40 index of French listed shares
156 0 2
Confluence area is a bit higher, but price reached a polarity zone, where through the years changed from support to resistance enough times to mark her as area of interest.

Fresh visit to this area has most of the times the probabilities leaning towards to rejection, before maybe higher, gun the shorts - like mine - and go deeper inside the confluence area. In such a case, according to PA there, a second opportunity for the shorts will be given and who knows, another note of self discipline and practice patience will be written again.

The trend is clearly up but a confirmation of the evening star will provide comfort to the trade.

Cheers

Panos

Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out