tst

uptrend still intact ? #2

FX:AUS200   S&P/ASX Index
21 0 1
potential long set up again. The channel has been very kind with price reversing and swinging side to side offering some great profitable trades. So after closing my short as per pervious trade im look at the long trade. Price has made a lower low but is flat at the 42 level on the RSI indicator. valleys/troughs in the RSI at this 42 level have lead to rally's so ill keep an eye on this with added divergence showing.
I will post a trade if I do go long. I would need a close out side the dotted wedge drawn. That would also confirm price trading above the 50ma.
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