A/R lines reflect the natural resistance, or swing turns.
We see price already turned south after reaching the A/R line, bounced at the lower one and now toying with the upper one again.
But it looks week, not enough juice for a follow through.
The last bar's close looks very weak.
I tend to short a pullback to the upper A/R line.
Always - trading it small and often.
P!
We see price already turned south after reaching the A/R line, bounced at the lower one and now toying with the upper one again.
But it looks week, not enough juice for a follow through.
The last bar's close looks very weak.
I tend to short a pullback to the upper A/R line.
Always - trading it small and often.
P!
Trade closed: stop reached
Bumped...next.
Watch the latest Chart Analysis video on YouTube!
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
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.
Watch the latest Chart Analysis video on YouTube!
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
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.