It is not a BEOB or DBHLC. However, It can be treated as a 2-day BEOB.
Pro:
1. It is at swing High
2. Broke Monthly resistance 19.80.
3. FTA is clear at 19.50
4. From a 2-day BEOB bar prospective, rejected at 20.00
Cons: Huge uptrend
No space..
Expectations:
Price yet to break the bearish bar.. currently it is retracing.. expecting it to test 19.80 before moving in the direction of the trade.
In case,
1)If the price breaks 19.80/19.90 and did not move back or
2) If the price did not hit my order until tomorrow
the trade will be cancelled.
Update: Cancelled the position since 1) trade never triggerred 2) broke through 19.80 PPZ and NOT retraced.
Pro:
1. It is at swing High
2. Broke Monthly resistance 19.80.
3. FTA is clear at 19.50
4. From a 2-day BEOB bar prospective, rejected at 20.00
Cons: Huge uptrend
No space..
Expectations:
Price yet to break the bearish bar.. currently it is retracing.. expecting it to test 19.80 before moving in the direction of the trade.
In case,
1)If the price breaks 19.80/19.90 and did not move back or
2) If the price did not hit my order until tomorrow
the trade will be cancelled.
Update: Cancelled the position since 1) trade never triggerred 2) broke through 19.80 PPZ and NOT retraced.