Hidden Bullish Divergence on both RSI and Stoch RSI.
Market structure is intact.
Price bounced off support level.
Trend-Based Fibonacci Extension Tool laid out and potential upside target: $8870
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.
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Ron (The Intrepid Trader)
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Falling Wedge
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First Target: $8393
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Second Target: $8421
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Bullish Cup forming? Bullish Divergence on RSI and Stoch RSI
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Inverted Head & Shoulders - Bullish Plus Bulish Divergences On RSI and Stoch RSI