If the price is unable to maintain its downward movement, then look for signals to enter long... If the price is closer to the Lower Limit of the TC thats something better because you can play a trade with a better Risk Reward.
So Far the price fits its action within the boundaries of an Up Trend Channel, therefore I would expect a corrective movement around the lower limit and in a lower time frame look for long set ups ... lets see how the price action evolves ... trade with care
Description in chart We could be in front of a FBO of the LL of the UTC --- therefore expect a trend continuation to the upside or We could be in front of the first break out of the UTC before a new down trend developes Lets see how it goes ... trade with care
So far the price have found Support around the 50% of the previous Up Movement (See the fib), However the last attempt to go higher seems to start losing momentum, because the most immediate up trend line (Demand Line) has been broken. However that does not necesarily means that the bearish market will continue, in fact, depending on the price action, the...
So far after the break of the LSH level around the 49, I would expect a corective movement, and after that look for signals in order to play a possible movement to the upside ... Anyway lets see how evolves the price aciton.
So far the price has been unable to keep pushing lower to the downside, see the failure around the 43 level, therefore for the next week if the price is unable to go around the 43 again, and a Higher Low is formed, then in a lower time frame look for long set ups in order to play a possible movement to the upside.
In this context I would be looking for a corrective structure and then look for a long set up in order to enter the market, however the price can also break the 19.90 area and maintain the underlaying uptrend, in this case I prefer to wait in order to have a better entry. Notwithstanding if the 19.90 holds then we could be facing a consolidation phase in this...
So far the price fits its action within a corrective structure based on the previous movement, so with that context in mind, in order to go long I would expect a break of the most immediate downtrendline then a retracement and finally signal to enter long .. let see how the price action evolves
So far the price is close to the Lower Limit of the uptrend channel, moreover the most immediate downtrend line has been broken, so for now I will expect a further retracement and then look for Long Set Ups in order to enter the market ... remember to always take trades based on a well defined trading plan adn the risk tolerance parametters of each trader ... good trading!
So far the price fits it action within the boundaries of a Down Trend Channel, therefore on this time frame I would expect a further corrective movement/Uptrend, and then when the most immediate uptrend line is broken look for Short set ups in order to play a possible impulse movement to the downside that could go to test the 129 area
After a Fail Break Out to the downside, the closeness to the Up trend line and a secondary test of the 18 area, it seems that the price is on a Sping position, ready to establish a new leg up that could mark new highs in this asset ... lets see how the action evolves
So far the price fits its action within the boundaries of an Up Trend Channel (UTC), therefore I would expect a bigger corrective structure that could possibly go to test the Lower Limit of the UTC, within that scenario I would be looking for long set ups in a lower time frames in order to enter the market .... Remeber any trading decision must be based on a...
At the moment I would be expecting a corrective trend to the downside, later a signal to enter long ... the risk would be place at the point where the trading idea is invalidated. Regarding the green lines those are areas where supply could be found, therefore those levels could be clasified as preliminar resistances Be aware that any trading decision must be...
This is a Colombian stock that is highly related with the behavior of crude oil prices