EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
I made a quick analysis on the ALLIED COOPERATIVE INSURANCE (8150), following what we got on the chart we notice that it still following the channel and it will keep going down which means its not a great time to buy.
Keep waiting for the right moment to buy.
8150 1H Setup
1- Trend was bearish then sideways and now
showing bullish move
2- Recent top can be considered as LH and price can go down to create the next LL (if Support of 10.6 is broken)
3- Volume is Average on Day
4- Next Support is at 10.6 which is very strong Support (never broke before)
5- Next resistance is at 14.67
6- Divergence is over sold, so price...
Bearish trend
best to buy and sell between support
and resistance respectively
buy : between 11.59 and 12.58
TP1: 13.44
TP2: 14.29
for trend reversal wait till 14.64 is crossed..
Allied cooperating on demand zone with small SL of 31.44
shorter time frame getting RSI divergence and price making curve
now at weekly /daily time frame trendline and swing support
