Textbook rounding bottom and neckline break, expected pullback before movement out of the RSI zone to new highs and get in the oversold range.
Notes~
Volume looked good. EMA breaks, out of range of 220 EMA. FIB Levels line up with resistance zones noted. Rounding bottom and V shape occured. Neckline break occurred.
Stoploss and entry placed slighty lower to catch pullback!
A follow and like would be greatly appreciated, going for 1k follows!
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
Xander~
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Morning guys. Wake up to a small breakout. Expecting to reach the first fibline but just a bit shy, closing here is ok profit wise! 7800 Known as a strong resistance so you could try to get the wich across. 7750 close.
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Lucky for those on the mex I believe it reach 7800, so on auto close it wouldve hit. Take note-