An intraday high potential, Back Tested Long Analysis.
We ll try to find an entry price within the expected pull back zone 62.84 - 62.00 as previously being back tested.
We ll try to enter into the correction of the downtrend movement tracking trend oscillators as below:
CCI diverges the price crossing down the zero level as well as shown in the chart.
A butterfly pattern occurs confirming the correction.
The end of ABC corrections signaling the uptrend movements.
Supporting levels meet close to 60.00$ psychological point.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
We ll try to find an entry price within the expected pull back zone 62.84 - 62.00 as previously being back tested.
We ll try to enter into the correction of the downtrend movement tracking trend oscillators as below:
CCI diverges the price crossing down the zero level as well as shown in the chart.
A butterfly pattern occurs confirming the correction.
The end of ABC corrections signaling the uptrend movements.
Supporting levels meet close to 60.00$ psychological point.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Trade geschlossen: Stop wurde erreicht:
Best regards.
