In my previous post about BICO,
I suggested that BICO might stop the months old downtrend and switch to an uptrend.
We now see a strong bull candle breaking through the resistance line - great evidence of a possible uptrend.
It might be too risky to enter now, but if the trend reverses back to the BOS line and bounce back, that might be a good entry point for LONG.
The volume also suggests strong signal for the start of an uptrend.
I expect a pullback as low as 0.2265.
I suggested that BICO might stop the months old downtrend and switch to an uptrend.
We now see a strong bull candle breaking through the resistance line - great evidence of a possible uptrend.
It might be too risky to enter now, but if the trend reverses back to the BOS line and bounce back, that might be a good entry point for LONG.
The volume also suggests strong signal for the start of an uptrend.
I expect a pullback as low as 0.2265.
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If we can confirm the reversal, this would be a good entry for LONG.
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The doji is intact for 30 minutes now - meaning the price is really refusing to submit to the 6 months old downtrend.הערה
Despite previous doji star, the price fell again, touching the resistance line of the downtrend.
This is important - if the price shows rebound here, we might see a start of a strong uptrend.
If the price breaks through the line, however, our chances are low.
The price might eventually start a run, but we cannot trade based on mere hope.
הערה
And now we see a reversal! If the price breaks through 0.224 line, that is a strong sign of an uptrend.
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הפקודה בוטלה
Unfortunately, the reversal did not take place.
The price may still go up, just not this time.
If we see another pattern later on, I'll upload a new post :)
God bless you :)
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
God bless you :)
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.