Hey everyone,
We are moving EXACTLY as planned.
The RSI has cooled off on the 4 hour time frame and is loaded to take off.
There is DECREASING bear volume on the chart, while price resisted the bear movement a few periods ago.
The price is approaching the left channel, preparing to bounce off and follow its wave pattern as it has done TWICE already.
KEEP LOOKING. Our buy zone (check out post from earlier this week) is coming up. Don't take your eyes off of this. We need that strong bull candle above the EMA to finally confirm this trend.
What do you all think? What is your "golden indicator" for the industry?
-Block
We are moving EXACTLY as planned.
The RSI has cooled off on the 4 hour time frame and is loaded to take off.
There is DECREASING bear volume on the chart, while price resisted the bear movement a few periods ago.
The price is approaching the left channel, preparing to bounce off and follow its wave pattern as it has done TWICE already.
KEEP LOOKING. Our buy zone (check out post from earlier this week) is coming up. Don't take your eyes off of this. We need that strong bull candle above the EMA to finally confirm this trend.
What do you all think? What is your "golden indicator" for the industry?
-Block
Comment:
Looks like ACB has hit the resistance. If I could call it one way or another, I'd long this from here above the resistance with a very small stop loss.
Comment:
The price has moved slightly outside of the channel and looks promising. Although the channel has been lost, the low bear volume compliments a bull movement from this consolidation.
Stay frosty
-Block
Stay frosty
-Block