Disclaimer: This is my own trading journal for learning purposes. Some pointers will be appreciated if anyone is interested. Cheers!
Currently it seems like the long bar are stronger in comparison to the short bar, which indicates that it has a stronger upside.
Can enter the market at 0.03248 (0.618 fib), with a stop loss at 0.03222 (0.786 fib).
Profit...
Notes: Newbie trying to learn technical analysis and not a financial advice. Please comment if you think there is any incorrect point on the analysis. Thank you.
1. SGR has been in a downward trend since the end of December
2. Now SGR is close to the downward trend resistance again and we will see if SGR can break through the downward trend.
3. If SGR can...
Notes: Newbie trying to learn technical analysis and not a financial advice. Please comment if you think there is any incorrect point on the analysis. Thank you.
1. The downward trend is broken on the 20th of January, and so the resistance is now support.
2. Hitting the first resistance at (2.30 - 2.35) and went back to retest the support at around (2.15 -...
P.S. newbie analysis here. would be nice to have some feedback. Cheers
Seems like a pullback is happening after a bull run from the announcement from SGR. Currently there is a bull flag forming and might bounce back on the $2.93 (0.382) as it is one of the solid support. Once the market structure starts to change, it might be a good indicator for the bull run to...
