KNC - BEARISH RETRACEMENT - KNC perform Lower High.
Confirmed BEARISH TECHNICAL ANALYSE:
- LOW VOLUME with SELL advantage
- LOWER HIGH
Not yet confirmed BEARISH SIGNS:
- RSI: once it cross bellow 50 level and starts heading towards 30 thats 100% sign of bearish (50RSI>45RSI)
- LOCAL SUPPORT PIVOT LINE
- DIDNT CONFIRM any of TRIANGLE TREND yet
KNC recent HIGH has signed on a LOWER level, we could still get it get it flipped into HIGH -> HIGHER HIGH.
As my "FINAL" confirmation is the TREND UP - SUPPORT PIVOT SUPPORT LEVEL,
once KNC gets bellow the SUPPORT LOCAL LEVEL that will be an other confirmation of changing it TREND "UP" to "DOWN".
My SIGNAL STRATEGY PLAN only involves the case if KNC would get on BEARISH TREND.
- LOW VOLUME with SELL advantage
- LOWER HIGH
Not yet confirmed BEARISH SIGNS:
- RSI: once it cross bellow 50 level and starts heading towards 30 thats 100% sign of bearish (50RSI>45RSI)
- LOCAL SUPPORT PIVOT LINE
- DIDNT CONFIRM any of TRIANGLE TREND yet
KNC recent HIGH has signed on a LOWER level, we could still get it get it flipped into HIGH -> HIGHER HIGH.
As my "FINAL" confirmation is the TREND UP - SUPPORT PIVOT SUPPORT LEVEL,
once KNC gets bellow the SUPPORT LOCAL LEVEL that will be an other confirmation of changing it TREND "UP" to "DOWN".
My SIGNAL STRATEGY PLAN only involves the case if KNC would get on BEARISH TREND.
Trade active:
ENTRY opened at: $1.683
