WE need to use caution here because this has happened several times! BUT, we are doing a MA Cross and there is volume coming in. Stochastic moving the right way.
Pop coming? I am in long because we are sitting on long term resistance.
I love the set ups but use caution and tight stops!
Pop coming? I am in long because we are sitting on long term resistance.
I love the set ups but use caution and tight stops!
Comment:
Sideways until it isn't! If it breaks down past resistance then get out bad sign. For now look and wait for the MA cross on the hourly. See FUN now for what happens in this set up. DON"T chase! Get in when you are comfortable and be ok sitting.
Comment:
When the moving average becomes support on the bottom of the candles this will all look better. As this passes 3000ish the longer moving averages can do their magic.