YM: technical analysis
04 December 2018, 10:51
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 25734.6 |
| Take Profit | 26073.1 |
| Stop Loss | 25487.3 |
| Key Levels | 24257.1, 24362.3, 24530.4, 24790.8, 25200.9, 25487.3, 25591.4, 25734.6, 25871.9, 26073.1, 26274.9 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 25200.0 |
| Take Profit | 24790.8 |
| Stop Loss | 25487.3 |
| Key Levels | 24257.1, 24362.3, 24530.4, 24790.8, 25200.9, 25487.3, 25591.4, 25734.6, 25871.9, 26073.1, 26274.9 |
YM, D1
D1 chart shows the correction of upward movement. The instrument is trading between the upper and center lines of Bollinger Bands. The price range is widened. MACD histogram is in the negative zone keeping a signal for opening short positions. Stochastic has crossed the overbought zone from below, forming a signal to open short positions; the oscillator lines are reversing downwards.
YM, H4
On the H4 chart, there is also a downward correction and the instrument is trading at the center line of Bollinger Bands. MACD histogram is in the positive area. The signal line is crossing the body of the histogram from below giving a signal for opening long positions. Stochastic is on the border with the oversold zone, the oscillator lines are directed downwards.
Key levels
Resistance levels: 25734.6, 25871.9, 26073.1, 26274.9.
Support levels: 25591.4, 25487.3, 25200.9, 24790.8, 24530.4, 24362.3, 24257.1.
Trading tips
Long positions could be opened from the level of 25734.6 with target at 26073.1 and stop loss at 25487.3 in the short term.
Short positions may be opened from the level of 25200.0 with target at 24790.8. Stop loss — 25487.3.
Implementation time: 1-3 days.
D1 chart shows the correction of upward movement. The instrument is trading between the upper and center lines of Bollinger Bands. The price range is widened. MACD histogram is in the negative zone keeping a signal for opening short positions. Stochastic has crossed the overbought zone from below, forming a signal to open short positions; the oscillator lines are reversing downwards.
YM, H4
On the H4 chart, there is also a downward correction and the instrument is trading at the center line of Bollinger Bands. MACD histogram is in the positive area. The signal line is crossing the body of the histogram from below giving a signal for opening long positions. Stochastic is on the border with the oversold zone, the oscillator lines are directed downwards.
Key levels
Resistance levels: 25734.6, 25871.9, 26073.1, 26274.9.
Support levels: 25591.4, 25487.3, 25200.9, 24790.8, 24530.4, 24362.3, 24257.1.
Trading tips
Long positions could be opened from the level of 25734.6 with target at 26073.1 and stop loss at 25487.3 in the short term.
Short positions may be opened from the level of 25200.0 with target at 24790.8. Stop loss — 25487.3.
Implementation time: 1-3 days.
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