Wait for confirmation before entry long on BAIDU
Support :96.51
Resistance : 105.14
The market is ranging at the moment, we are observing the volumes because at the end of the day BAIDU is always dynamic.
If the candlestick formation is confirmed to be a pullback, thanks to the volumes, it will announce a coming increasing trend.
If the market strongly breaks the support line or the resistance line: The shape of the market will change. Follow the trend because they are possibility of seeing the market moving way from the actual range.
Beware:
BAIDU can open in the morning with a significant price change.
Resistance : 105.14
The market is ranging at the moment, we are observing the volumes because at the end of the day BAIDU is always dynamic.
If the candlestick formation is confirmed to be a pullback, thanks to the volumes, it will announce a coming increasing trend.
If the market strongly breaks the support line or the resistance line: The shape of the market will change. Follow the trend because they are possibility of seeing the market moving way from the actual range.
Beware:
BAIDU can open in the morning with a significant price change.
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