Wait for volume confirmation, tight price > 5 days
#KEINHIN (CASE STUDY) Setup: BO ATH TP1: 2.51-2.6 Monitor pullback 👌 *Personal opinion, trade at your own risk*
the chart pattern has shown a reversal sign, and CSR bullish engulfing show-up today. We can expect long bullish run for the some period of time. TAYOR.
The candlestick indicates a breakout due to significant price movement with high volume. Hence, the price closed outside Bollinger Band and created the shape of a fish tail. MACD and OBV charts indicate a positive uptrend pattern. Put KEINHIN in your WL and watch out for increasing in price and volume might suggest a high of interest. R 1.260 S 0.905
Significant price movement makes KEINHIN in a BreakOut (BO) Pattern with high volume confirm the price. High probability of a long-term trading plan. MACD and OBV confirm the pattern. R 1.26 S 0.945
Rectangle Box Potential TP Place Around 1.05 - 1.2Smtg Support Around .875 (Fibo .786)
Potential Uptrend. Cut lose 0.865 , Risk 4%, TP1 : 28% , TP2 : 50% For Study
price currently on pullback, expecting testing trendline before rebound.
1D Untuk kajian dan rujukan akan datang. For study purpose and reference. See Money Take Money 🤑💵 #tayor050