-Weekly 26 ema pointing upwards. (Pending a successful pullback on it).
-Weekly MACD fast cross heading on the upper half.
-15 minute consolidation zone with a shakeout point.
Entry after the confirmation of the pullback with a strong bull candle or a bullish pattern formation.
(A high volume bearish move that was stopped indicates a possible absorption)
Stop below the zone.
Target on the upper extreme of the next zone.
The trade given is indicative.
-Weekly MACD fast cross heading on the upper half.
-15 minute consolidation zone with a shakeout point.
Entry after the confirmation of the pullback with a strong bull candle or a bullish pattern formation.
(A high volume bearish move that was stopped indicates a possible absorption)
Stop below the zone.
Target on the upper extreme of the next zone.
The trade given is indicative.