*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
Fundamentally, Apart from what people think about the CEO's criminal charges, contrarian thinking, that changes nothing in terms of business structure, fundamentally ly JD.com still is the second largest shopping website.
Now, let's look at the chart, the H&S pattern is fulfilled with huge volume climax, the short will close their trade soon and buyers will come in , a level like this is where bulls and bears agree with each other and that will push the price higher, 88% of the time.
Volume profile gives us a good lead on where to take profit.
*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
Fundamentally, Apart from what people think about the CEO's criminal charges, contrarian thinking, that changes nothing in terms of business structure, fundamentally ly JD.com still is the second largest shopping website.
Now, let's look at the chart, the H&S pattern is fulfilled with huge volume climax, the short will close their trade soon and buyers will come in , a level like this is where bulls and bears agree with each other and that will push the price higher, 88% of the time.
Volume profile gives us a good lead on where to take profit.
*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
Trade closed manually:
Unconvincing trading volume, I'm out for now