We are in a health consolidation mode as anything that goes up quick with volume will have a timely consolidation pullback.
I don't claim to be an expert but I like to share my ideas that make sense.
Observation:
Conclusion:
Wait for the pullback to 4000-4100 range to jump in.
If candle sticks, RSI, MACD, etc indicate oversold, jump in otherwise wait for the next level of pullback to 3800-3900 before jumping in
I don't claim to be an expert but I like to share my ideas that make sense.
Observation:
- Bullish trend (short term)
1 hrly Candle sticks are above EMA 50 and 100 range, plus cross over over, indicating BULLISH
- RSI in 4 hrly overbought conditions
- Double bottom completed for a reversal
- Volumes are appearing to return and at this moment, dropping off due to the consolidation
Conclusion:
Wait for the pullback to 4000-4100 range to jump in.
If candle sticks, RSI, MACD, etc indicate oversold, jump in otherwise wait for the next level of pullback to 3800-3900 before jumping in
Trade active:
Trade active:
Bullish Pennant forming in the 3 m chart after hitting 4130 bottom(5)
Trade active:
The action moving up might not have stopped yet,
Trade active:
Trade active:
i am still bullish
Trade active:
it looks like the pullback would be the 3900 range (probably over the weekend) to be complete that cycle.
Trade active:
If we were playing odds favorite, my guess (as no-one knows)
Trade active:
Is this the pattern before it goes towards 3000s
Trade active:
Point 5 almost reached and now on the bottom of the triangle, Note: inverse H&S also broken,
Trade active:
4 hrly volume has dropped off, I would expect another drop. Next stage 3700s
Trade closed: stop reached:
3280 is the middle of the next bottom stage or round about
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.