I like the look of BKT here, my trading plan is as follows.
My reasoning:
Looking to buy in the green box as an optimal trade entry - "reload zone within a reload zone". Red box will be the target, lining up with the top of VPVR value.
Side note: Similar play and setup to the ASX:PLS analysis posted below.
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
My reasoning:
- Location: Reload zone
- Structure: Double bottom off the 786
- Divergence: Confirmed div in histogram and willy (coming out of stupid). RSI is bullish, looking to cross 50. "W" in OBV about to cross 13EMA.
- Trend: Break of bearish trend commencing June '19
- VPVR: Retracement lining up with the POC
- Gap below: Nice entry location
Looking to buy in the green box as an optimal trade entry - "reload zone within a reload zone". Red box will be the target, lining up with the top of VPVR value.
Side note: Similar play and setup to the ASX:PLS analysis posted below.
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
Comment:
Trade active:
Slowly, slowly... gap filled in
Comment:
Nice close out to the week, expecting some nice movement in the coming 1-2 weeks.
Comment:
Comment:
Another week of sideways, nothing to see here.
