CAT looks like it don't have power to go higher.
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Horizontal Price levels are working good
2. globally downtrend, locally uptrend
3. the price level confirmed by a touch
4. that was a near test, but we see week close under the level
5. approached the level sharply
6. the move was with no rollbacks
7. no accumulation
8. no rollback
9. we see that 1 bar closed above the level and 2nd opened above and closed below
10. level of a rollback
11. enough room for a move with r/r 1 to 5.1
12. no model of ascending lows
13. no news in the last 10 days
14. the price came from above, and we see that it can't go higher
15. we have enough room for a move
16. the report on January 27
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If you find my work valuable, please, press a thumb up! 👍
1. Horizontal Price levels are working good
2. globally downtrend, locally uptrend
3. the price level confirmed by a touch
4. that was a near test, but we see week close under the level
5. approached the level sharply
6. the move was with no rollbacks
7. no accumulation
8. no rollback
9. we see that 1 bar closed above the level and 2nd opened above and closed below
10. level of a rollback
11. enough room for a move with r/r 1 to 5.1
12. no model of ascending lows
13. no news in the last 10 days
14. the price came from above, and we see that it can't go higher
15. we have enough room for a move
16. the report on January 27
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If you find my work valuable, please, press a thumb up! 👍