Alarm for falling?
In this post, I want to look at Sol from the upper time frame and in the next post we will go to the lower time frame😎
Cycles:
Let's start with cycles. In HWC (our big trend), the trend is upward
In MWC, the upward trend is weak
LWC is falling.
So, we can take more risk to climb, because it is the same direction with HWC and a little bit MWC, because the trend is weak, and for short position, we have to save profit quickly or put a big stop loss.🤔
Support and resistance:
Above the resistance of 175.67 we can continue the uptrend and below the support of 162.57 is a bit risky, for less than that we can consider 159 as support. It depends on your personality which one you choose, we can have a fall📉
Our general view of the chart was this. In the next post, we will go to a smaller time frame and a more detailed view🫡
Cycles:
Let's start with cycles. In HWC (our big trend), the trend is upward
In MWC, the upward trend is weak
LWC is falling.
So, we can take more risk to climb, because it is the same direction with HWC and a little bit MWC, because the trend is weak, and for short position, we have to save profit quickly or put a big stop loss.🤔
Support and resistance:
Above the resistance of 175.67 we can continue the uptrend and below the support of 162.57 is a bit risky, for less than that we can consider 159 as support. It depends on your personality which one you choose, we can have a fall📉
Our general view of the chart was this. In the next post, we will go to a smaller time frame and a more detailed view🫡
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