Good Morning cobbers,
Well, what a run yesterday was if you had been following along over the last few days, you should be deep in profit and up at least a few hundred percent.
It has been quite a ride lately and plenty of great and clear opportunities to make trades, I hope you have learned that if we are patient and wait for confirmations and have some control that this game is not as hard as many seem to find it.
On to this mornings update, we are travelling along that bottom trendline still on the way up to the tip of our large symmetrical triangle and while we keep bouncing off it and don't close below it, we are still very bullish. While MACD has crossed over the indicator line and we have had the 5ma cross below the 13ma, I have kept the trade open as we have found solid support on the trendline, also if you take a look at the RSI closely, you can see where the FIB lines are and see with confidence when where the most likely bounce will happen.
Moving forward, I am very keen to see another attempt at crossing the 11500 line, seems to be a significant resistance point psychologically and then the next major battle will be breaking out of the tip of the triangle. Breaking out of here will signal great FOMO and much profit is to be had.
Good luck and I will update as changes come along.
G'day
Thanks for dropping by, hopefully, you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Well, what a run yesterday was if you had been following along over the last few days, you should be deep in profit and up at least a few hundred percent.
It has been quite a ride lately and plenty of great and clear opportunities to make trades, I hope you have learned that if we are patient and wait for confirmations and have some control that this game is not as hard as many seem to find it.
On to this mornings update, we are travelling along that bottom trendline still on the way up to the tip of our large symmetrical triangle and while we keep bouncing off it and don't close below it, we are still very bullish. While MACD has crossed over the indicator line and we have had the 5ma cross below the 13ma, I have kept the trade open as we have found solid support on the trendline, also if you take a look at the RSI closely, you can see where the FIB lines are and see with confidence when where the most likely bounce will happen.
Moving forward, I am very keen to see another attempt at crossing the 11500 line, seems to be a significant resistance point psychologically and then the next major battle will be breaking out of the tip of the triangle. Breaking out of here will signal great FOMO and much profit is to be had.
Good luck and I will update as changes come along.
G'day
Thanks for dropping by, hopefully, you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
