Solarwinds Technical Analysis: Throwback before Resumption!

396 3 5
So far the latest decline was probably a retest to the broken resistance level , which is a usual phenomena in price action, as price retests broken resistance levels, which turn to support in most cases( I say in most cases cause there is always a percentage of failure)

Accordingly. the price is likely to remain supported in the near term target the top of the channel and possibly 60.95 major high. Note that a break below the rising trend line for the channel will probably reverse the bias to bearish .

Be one of the first members of my new trading portal, check my new website , vote and subscribe. Thank you

Good luck, keep your stops tight..
My best regards
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Where or what would you be looking for to make an entry?
Technician PRO FredFerrell
This is not a trade its a guideline, but if i see a good entry signal i would go
+1 Reply
Technician PRO FredFerrell
In this particular one, i need to see price retrace lower cause the risk exposure at current level is high
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out