What I see...
+ Tightening of the Bollinger Band
+ Prices found support from the 10ma
+ MACD is in bullish zone and flat
+ RSI is rising but flat
+ Burst of of 3 consecutive up bars when it goes on a short bullish run in the past 2 months
- 0.618 Fib is serving as a major Resistance level
- 10ma is still not pearcing through the body of the candle
- MACD is completely flat
What I setup...
+ Lone entry above May 8's high
- Stop under today's low
+ Target at 0.786 Fib.
:: Duration - up to 4 sessions after a bullish breakout
** Comments and Likes are appreciated; New Subscribers get donuts! **
+ Tightening of the Bollinger Band
+ Prices found support from the 10ma
+ MACD is in bullish zone and flat
+ RSI is rising but flat
+ Burst of of 3 consecutive up bars when it goes on a short bullish run in the past 2 months
- 0.618 Fib is serving as a major Resistance level
- 10ma is still not pearcing through the body of the candle
- MACD is completely flat
What I setup...
+ Lone entry above May 8's high
- Stop under today's low
+ Target at 0.786 Fib.
:: Duration - up to 4 sessions after a bullish breakout
** Comments and Likes are appreciated; New Subscribers get donuts! **
Order cancelled:
Setup broke down