TENCENT(HK) : Midas Signal Appears with Big Green Bar
1. Clear all drawings and indicators.
2. A horizontal resistance level, price reversed at here to form a false break (React Don't Predict).
3. Add BandofMidas from indicators. Use Midas factor of 9. (suitable for this chart)
4. Price fall into Midas zone and reversed. Midas signal came out today morning on 22Sep2023.
5. Midas trend line still in white. Hold position until pink trendline.
6. Plan your trade, risk reward ratio and position size. Cut loss is simply at today candlestick low.
2. A horizontal resistance level, price reversed at here to form a false break (React Don't Predict).
3. Add BandofMidas from indicators. Use Midas factor of 9. (suitable for this chart)
4. Price fall into Midas zone and reversed. Midas signal came out today morning on 22Sep2023.
5. Midas trend line still in white. Hold position until pink trendline.
6. Plan your trade, risk reward ratio and position size. Cut loss is simply at today candlestick low.