$DLTR is getting ready to be on the raise again.
This is another Solify Play. Confident Level 10/10
DOLLAR
Tree(
DLTR
)
2hour Timeframe.
Confident Level 1)
We Formed A HIGH follow by High Low Follow by a Higher High.
Confident Level 2)
Touched the Trendline Twice Already. Waiting for the third one to form. This is where I believe another High-low will Form.
Confident Level 3)
We are above the 200,100 and 50 EMA/SMA
Confident Level 4)
RSI is not oversold yet so we wait. We have to wait until price touches the trendline(Blue Color). Then we check if Price is oversold using either the RSI or STOCH RSI.
DOLLAR
Tree(
DLTR
) 2hour Timeframe.
Confident Level 1)
We Formed A HIGH follow by High Low Follow by a Higher High.
Confident Level 2)
Touched the Trendline Twice Already. Waiting for the third one to form. This is where I believe another High-low will Form.
Confident Level 3)
We are above the 200,100 and 50 EMA/SMA
Confident Level 4)
RSI is not oversold yet so we wait. We have to wait until price touches the trendline(Blue Color). Then we check if Price is oversold using either the RSI or STOCH RSI.
If the SMI remains above the Purple line, consider buying DLTR or playing Option calls.
Wait for the Price to touch the Blue line.
Check if STOCH RSI crosses below the Green Dotted Line and touches the other side.
Wait until VCS shows one Green (or White in my case) candle.
After completing all the steps above, switch to the 15min or 30min timeframe to check for all four steps.
Re-entry:
If the SMI is still above the Purple line and either the RSI or VCS is oversold, consider taking a call option to the upside.