Just some patterns on the hourly.
Upward movement since the larger dump from 9.8k
Not the cleanest but ascending triangle with lower highs in this upper channel.
Would like to see more volume though from a bullish standpoint. Could have some possible long opportunities but set tight stop loss.
Upward movement since the larger dump from 9.8k
Not the cleanest but ascending triangle with lower highs in this upper channel.
Would like to see more volume though from a bullish standpoint. Could have some possible long opportunities but set tight stop loss.
Trade active:
Closed my long position for the time being as my short-term target has been achieved at the dotted line inside the upward channel. Currently getting some rejection there but will see if price holds. Sideways price action will keep me somewhat bullish in the short-term and look for a quick opportunity to the upside of the channel.
Keeping this setup active while i observe price action on the sidelines. Essentially keeping the idea that we could have continuation of the recent dump to the downside.
Keeping this setup active while i observe price action on the sidelines. Essentially keeping the idea that we could have continuation of the recent dump to the downside.