After this week's candle, the market has refused to go lower and the bulls answered by buying with high volume and high momentum, closing its candle above the previous higher. The 10 EMA is likely to reverse its doen pattern to up indicating a very strong signal to buyers with a risk reward ratio of 1:2.
After a long bullish trend the IBOV has lost the previous bottom and seems to be repeating the feb/2020 move. I await a pullback to the 21 moving average at 130k points and if it loses, I will sell, looking for 119k.
Is it possible that what seems until now a very strong and tight bull channel it is just a Second Leg Trap?
If we are in a strong bull trend first pullback should fail between 2 bars.
estudo de price action - al brooks 14/10
price action analysis
price action trading
bull broad channel day .. with 50% correction ...
trade trade ranges day - 2 ranges in the they
Estudos apresentados que configuram EXCLUSIVAMENTE minha opinião pessoal e minhas próprias operações. Estudos apenas e não devem ser interpretados como nenhum indicativo de...
