Description
⋅ On the above 4-day chart price action has corrected over 90% since early 2022. Now is a good opportunity to go long. Why?
1) A strong buy signal prints. (not shown).
2) Price action resistance breakout.
3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 80 day period.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know.
Trade active
⋅ Comment
⋅ Did you guess which idea is Highstreet Mk II yet?
Comment
⋅ Support confirmed
Trade active
⋅ Comment
⋅ To the moon...