The main trend since March'19 is still valid looking at the purple trendline.
There is a down trendline (orange) since the beginning of July that will “crash” with the main trendline.
So hopefully the main trendline will still be valid and there will be at lease a small bounce.
Using the Volume profile I added a red line indicating that I was wrong and that the...
Analysis Explained:
1.- Major Trendline identified.
2.- Support line made using Volume Profile and matches with Fib retracement level 61.8%.
3.- Old minor trendline identified.
4.- Fib Retracement
5.- New minor trendline identified.
Expectations: That the value will go down using the trendline(5) until reach the major trendline (1) or near the support level (2)...
Analysis explained:
1. Support zone identified by multiple lows bouncing at the same line, validated by volume profile (at left).
2. Channel identified, confirmed with volume profile (to see this confirmation you must change the chart for 4hrs instead)
3. Check the volume to confirm when the bounce is happening.
Expectations: wait for a new bounce (to buy) or...
Hi,
This is my first shared Idea and I would like as much feedback as possible,
After the big fall, there are a lot of opportunities going on these months (talking about trading).
As I am new to this (a little bit more than half a year studying), I just used the Analysis methods that I am more comfortable about,
1.- Log Scale, not for all charts, but it...
