Brent H1: The Chaos Theory Forecast for the Asian Session on 11.11.2024

09.11.2024 01:16
Teknikal
The analysis of the current market situation shows that the phase space is defined as southern. The price has fallen below the lower fractal. This may indicate the beginning of a downward movement. To gain the information about the strength and energy of this movement, let's pay attention to the positions of other indicators on the chart.
The alligator is active and ready to hunt: its lines laid in a typical for the development of a downward movement order.
At the same time, the AO indicator remains in the negative zone.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
Several red columns have been formed on the Gator indicator. This is a signal that may indicate the development of a corrective movement in the near future.
Let's summarize. After the breakdown of the lower fractal, the phase space is defined as southern. The signals from other indicators enhance this signal. In this situation, the short positions should be prioritized.
📊 Sell Stop 73.29
❌ Stop Loss 74.76
After entering the market, Stop Loss is moved along the red line after closing each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.