dbarrz

dbarrz

description in the note on the graph. please comment your perspective

dbarrz

Ascending triangle right now it looks as it its gonna break to the downside. bearish engulfing pattern on 4HR waiting to see if breaks support and also watching lower time frames (30min, 1hr) to see price reacts to support level. MACD also pointing downwards. but will not get into until confirmation because ascending triangle is a bullish pattern.

dbarrz Updated 

If price breaks Daily horiztonal resistance with a strong candle i will go long a good confirmation will be if the 21 move avg starts acting as support price currently closed above 21 moving avg on Daily Chart

dbarrz Updated 

Waiting for pullback to support trendline with a strong candle, possibly a doji or hammer. will close trade if breaks the support line On 3yr weekly chart there is also a bullish engulfing candle on past resistance zone which is now acting as support @1.29600-500s'