Chart Contents
1. Bullish Ascending Triangle
2. Hidden Bullish Divergences on RSI and Stoch RSI
3. Price Bounced Off Support @ $8250 (Blue Rectangular)
Upward Breakout Target:
Target #1: @ 120 EMA - $8510
Target #2: @ Top Level Of Ascending Triangle - $8600
Target #3: @ 200 EMA - $8820
Downward Breakout Target:
Target #1: $8118
Target #2: 1.272 Fib Level @ $7968
Target #3: 1.382 Fib Level @ $7894
Target #4: Support Level @ $7763
Target #5: 1.618 Fib Level @ $7735
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
Ron (The Intrepid Trader)
1. Bullish Ascending Triangle
2. Hidden Bullish Divergences on RSI and Stoch RSI
3. Price Bounced Off Support @ $8250 (Blue Rectangular)
Upward Breakout Target:
Target #1: @ 120 EMA - $8510
Target #2: @ Top Level Of Ascending Triangle - $8600
Target #3: @ 200 EMA - $8820
Downward Breakout Target:
Target #1: $8118
Target #2: 1.272 Fib Level @ $7968
Target #3: 1.382 Fib Level @ $7894
Target #4: Support Level @ $7763
Target #5: 1.618 Fib Level @ $7735
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
Ron (The Intrepid Trader)
Comment:
Downward Breakout
Comment:
Target #1: $8118 - Reached
