premise: assume the previous leg up is an impulse and not a correction to the upside in a downtrend.
Entry signal:
- RSI bullish divergence 4hr & 6hr
- WXY corrective pattern completed
- You can also buy the breakout at appx. $140. Only do so if it happens with volume and conviction.
- MACD on higher TF also supports movement to the upside
- SL must be placed at below $100
Entry signal:
- RSI bullish divergence 4hr & 6hr
- WXY corrective pattern completed
- You can also buy the breakout at appx. $140. Only do so if it happens with volume and conviction.
- MACD on higher TF also supports movement to the upside
- SL must be placed at below $100
Comment:
I took some off the table, there are better trade setups
