Hourly Chart: Expanding Triangle(Bearish)
Daily Chart: Bearish Flag + Doji followed by confirmation Candle at 0.618 Fibonacci level. (Bearish)
Weekly Chart: Closing below Flat Top triangle for 2 weeks, and Bullish Engulfing after a Spinning Top and confirmation. (Neutral-Bullish)
Monthly Chart: Spinning Top after 13 months of Parabolic price move.
Change in Average Dollar Value of Trades: in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish is the most probable scenario.
Moshkelgosha
Educational Articles:
1-Triangle:
https://www.investopedia.com/articles/technical/03/091003.asp
2- Retracement vs reversal:
https://www.investopedia.com/articles/trading/06/retracements.asp
3- Fibonacci Retracement Levels:
https://www.investopedia.com/terms/f/fibonacciretracement.asp
4-Flag:
https://www.investopedia.com/terms/f/flag.asp
5- Bullish Engulfing:
https://www.investopedia.com/terms/b/bullishengulfingpattern.asp
6-Spinning Top:
https://www.investopedia.com/terms/s/spinning-top.asp
7- Parabolic uptrend:
https://www.investopedia.com/what-you-need-to-know-about-tesla-s-parabolic-uptrend-4784179
Daily Chart: Bearish Flag + Doji followed by confirmation Candle at 0.618 Fibonacci level. (Bearish)
Weekly Chart: Closing below Flat Top triangle for 2 weeks, and Bullish Engulfing after a Spinning Top and confirmation. (Neutral-Bullish)
Monthly Chart: Spinning Top after 13 months of Parabolic price move.
Change in Average Dollar Value of Trades: in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish is the most probable scenario.
Moshkelgosha
Educational Articles:
1-Triangle:
https://www.investopedia.com/articles/technical/03/091003.asp
2- Retracement vs reversal:
https://www.investopedia.com/articles/trading/06/retracements.asp
3- Fibonacci Retracement Levels:
https://www.investopedia.com/terms/f/fibonacciretracement.asp
4-Flag:
https://www.investopedia.com/terms/f/flag.asp
5- Bullish Engulfing:
https://www.investopedia.com/terms/b/bullishengulfingpattern.asp
6-Spinning Top:
https://www.investopedia.com/terms/s/spinning-top.asp
7- Parabolic uptrend:
https://www.investopedia.com/what-you-need-to-know-about-tesla-s-parabolic-uptrend-4784179
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.