Waiting for a break of this corrective structure will then be entering a short position
We have had a test of a weekly resistance and have moved below the structure
Currently correcting from an impulsive move to the downside
No, it isn't too late. Zoom Video has lower barrier of entry for business to conduct webinar or video conferencing.
In this climate of COVID 19, the use case for video conferencing will soon eliminate the need to rent a place to conduct meetings or seminars.
Although live meetings and seminars are still preferred but look at the costs of the following:
1. Cost to...
Currently in a supply and demand zone..
Price is clearly considering a change of direction, momentum definitely slowing down at this zone.
Going to see how this daily candle closes and possibly look to short the market tomorrow.
● A Fake breakout is a classic price action pattern.
● These setups can best be described as a false breakout from an inside bar pattern
● They can happen with an engulfing or pinbar candlestick pattern
Have a look at the chart above:
● Price was sitting at the 50% Fibonacci level and formed inside bars
● Then we got the breakout below the support zone, the...