Even though 7455 had every reason to hold, it didn't. The price reached our first buy zone and we have a bullish divergence on RSI and MACD.
Comment:
Unfortunately the wedge failed miserably. Now we are watching this downtrend channel and we are waiting for a decisive move.
Unfortunately the wedge failed miserably. Now we are watching this downtrend channel and we are waiting for a decisive move.
Comment:
We could have a good buying opportunity at the green dot. If we get there RSI will have a bullish divergence on H2, H3, H4, H6. Price action and volume must be watched closely.
We could have a good buying opportunity at the green dot. If we get there RSI will have a bullish divergence on H2, H3, H4, H6. Price action and volume must be watched closely.
Comment:
Okei, so the price is "there", the timing is off but we are where we were expecting it. Now let's see if the bulls will show up.
Okei, so the price is "there", the timing is off but we are where we were expecting it. Now let's see if the bulls will show up.
Comment:
As we said earlier, the H3 H4 and H6 RSI and MACD have bullish divergences.
As we said earlier, the H3 H4 and H6 RSI and MACD have bullish divergences.
Comment:
Our buy zone is between 7290 and 7130 with a SL at 7100. If we fall under 7100 the chances of going to 6850 will be so high that we will short it right away.
Our buy zone is between 7290 and 7130 with a SL at 7100. If we fall under 7100 the chances of going to 6850 will be so high that we will short it right away.
Comment:
First buy zone invalidated.
Falling wedge + bullish divergence on most of the time frames from H2 to H6.