Let's see what is happening on BBKP (Bank Bukopin)
From monthly perspective, it is very clear that it printed a bullish structure higher high and higher low. Price cant break below 394 for months. And at 2 August monthly candlestick, it broke previous swing high (622) and went down leaving a huge shadow that hasnt filled yet. For me, the price will fill that shadow in the future. So monthly perspective is bullish.
We go down to weekly perspective, as i said earlier. 2 August candlestick printed a very strong bullish engulfing and it was the first time higher high. Price went down but couldnt break 394 (27 September - 11 October ), so i assume that is a new higher low. After higher high and higher low structure, what do we expect next? a new higher high. Weekly perspective is clear bullish.
Daily timeframe is where we enter the market. It is absolutely clear that price printed a bullish structure (higher high and higher low) and 22 october daily candle close is a bullish pin bar.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.