on the one hour a bit of profit taking took place followed by an immediate high demand signal.
coming close to that last supply zone. May trap longs toward the top of the channel... VERY volume dependent.
Would only consider long entry if RSI is below 50 with evidence of accumulation activity.... reverse for long (with weakness).
looks like its central to the channel and the RSI... patience pays..
GL
coming close to that last supply zone. May trap longs toward the top of the channel... VERY volume dependent.
Would only consider long entry if RSI is below 50 with evidence of accumulation activity.... reverse for long (with weakness).
looks like its central to the channel and the RSI... patience pays..
GL