Hi, friends.
Neo, as well as BTC, showed a bull initiative.
But we need to wait for a good point to enter the market.
I think it would be the levels 124 and 116 (depending on how the price will approach the level).
Stop-loss must be below the VA of last week, below 112.
Enter point: 124 or 116 (buy-limit)
Stop-loss: 111.90
Target1: 136.5
Target2: 140
Glossary of terms
Neo, as well as BTC, showed a bull initiative.
But we need to wait for a good point to enter the market.
I think it would be the levels 124 and 116 (depending on how the price will approach the level).
Stop-loss must be below the VA of last week, below 112.
Enter point: 124 or 116 (buy-limit)
Stop-loss: 111.90
Target1: 136.5
Target2: 140
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded volume .
- Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
- Balance - Accumulation Area.
- F L - flat level.
- T L - trend level.
- Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
Trade closed: stop reached