Textbook VCP and high price ensues in the future?
מעודכן
BUY
- Buy at 510 – textbook VCP pattern – if it’s able to break 535 – there will be more strengths
- However, vcp is not a biblical pattern – market sentiment is important – enough volume during the next few days will push it higher
SELL
- Nail down profits according to your own plan
RATIONALE
- Whole steel sector is doing great
- Took around 140 days to build a base
- Higher RSI might indicate stronger buying hence indicate stronger buying force
**the analysis is solely for my own references and learning
- Buy at 510 – textbook VCP pattern – if it’s able to break 535 – there will be more strengths
- However, vcp is not a biblical pattern – market sentiment is important – enough volume during the next few days will push it higher
SELL
- Nail down profits according to your own plan
RATIONALE
- Whole steel sector is doing great
- Took around 140 days to build a base
- Higher RSI might indicate stronger buying hence indicate stronger buying force
**the analysis is solely for my own references and learning
הערה
formation of bullish flag?
כתב ויתור
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.