Hello friends
After the formation of the green doji candle, after the end of the month of October, the month of November started with an upward movement
And this while in:
Monthly time frame:
- RSI is in range on 50
- Stoch RSI is more than 80 (of course, the Metatrader application shows 20)
- MACD is a range indicator
Weekly time frame:
- The price has contacted MA 20 and MA 50
- RSI is below 50 and tends to rise
- Stoch RSI has diverged and is below 50, but it seems that it still tends to rise for a while
- MACD tends to rise
Daily time frame:
- Hard resistance has been reached with a strong green candle
- RSI is bullish and above 50
- Stoch RSI has diverged, but it has not returned a signal yet
- MACD tends to rise
4H time frame:
- The price has hit a strong resistance
- Stoch RSI has almost reached 100
- RSI is almost 70
- MACD has almost reached its peak
And shorter time frames tend to lower prices
According to the mentioned cases;
* I think the main trend is downward, but the correction of the trend has not been completed yet
** And I think at the beginning of the week, the price will decrease for a while and I will again wait for the upward movement of the price
*** But I will definitely wait for the market to start and get confirmation to enter the transaction
" be profitable "
Thank you for expressing your opinion with likes and comments
After the formation of the green doji candle, after the end of the month of October, the month of November started with an upward movement
And this while in:
Monthly time frame:
- RSI is in range on 50
- Stoch RSI is more than 80 (of course, the Metatrader application shows 20)
- MACD is a range indicator
Weekly time frame:
- The price has contacted MA 20 and MA 50
- RSI is below 50 and tends to rise
- Stoch RSI has diverged and is below 50, but it seems that it still tends to rise for a while
- MACD tends to rise
Daily time frame:
- Hard resistance has been reached with a strong green candle
- RSI is bullish and above 50
- Stoch RSI has diverged, but it has not returned a signal yet
- MACD tends to rise
4H time frame:
- The price has hit a strong resistance
- Stoch RSI has almost reached 100
- RSI is almost 70
- MACD has almost reached its peak
And shorter time frames tend to lower prices
According to the mentioned cases;
* I think the main trend is downward, but the correction of the trend has not been completed yet
** And I think at the beginning of the week, the price will decrease for a while and I will again wait for the upward movement of the price
*** But I will definitely wait for the market to start and get confirmation to enter the transaction
" be profitable "
Thank you for expressing your opinion with likes and comments
액티브 트레이드
액티브 트레이드
Do you agree?
Be profitable