The question is always on my mind, from which point should we draw the level? The resistance level is supposed to have two components: the point where the upward movement ended and the point where the downward movement started, i.e. if we take the point where the upward fuse wore off, what will be seen when the price approaches it again?
False-break, the uptrend was broken by the 7.12.2020 candlestick, so no serious move to the North was expected, and then just today the Cable bounced from an unnaturally large candle and when it reached 1.34425 started a little bit higher, excellent opportunity for TVZ to the LP with a small stop
there was a danger that the quote consolidated inside the range, on the D you can see between two candles with long tails, but it seems to have gone down
EUR/USD, buy/sell levels, resistance 1.21474, support 1.20786, 1.21474, level from which a move confirmed the Downtrend (intraday), 1.20786, level whose breakdown confirmed the Downtrend
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Silver, Looking for a channel, well it looks like this, the closest one, top and bottom covered with powerful pulses
Gold, same thing
The question is always on my mind, from which point should we draw the level? The resistance level is supposed to have two components: the point where the upward movement ended and the point where the downward movement started, i.e. if we take the point where the upward fuse wore off, what will be seen when the price approaches it again?
Euro/Audi, pro-trade, with general direction to South, and price has broken out of the channel
On Breakdown, Gold, 1855.63 level, intraday on trend, after pullback, Sell Stop
@SVETLANA LOKSHINA
By the way, the pullback after the Impulse was exactly to the previously broken support
False-break, the uptrend was broken by the 7.12.2020 candlestick, so no serious move to the North was expected, and then just today the Cable bounced from an unnaturally large candle and when it reached 1.34425 started a little bit higher, excellent opportunity for TVZ to the LP with a small stop
@SVETLANA LOKSHINA
there was a danger that the quote consolidated inside the range, on the D you can see between two candles with long tails, but it seems to have gone down
Some relaxing news for Tesla, Max is thinking of issuing another 5 billion shares, but he shut it down and just in time
EUR/USD, buy/sell levels, resistance 1.21474, support 1.20786, 1.21474, level from which a move confirmed the Downtrend (intraday), 1.20786, level whose breakdown confirmed the Downtrend