Galapagos left a big gap behind after tanking hard.
On the 1hr chart bullish divergence on the MACD and RSI has been formed and price is trying to break out of an ascending wedge.
Next thing I look at is the resistence from the 21 MA. If it can clear the MA and price finds support I will open a long position with big upside potential on closing the gap.
No advise. Im a beginner. Feedback welcome.
On the 1hr chart bullish divergence on the MACD and RSI has been formed and price is trying to break out of an ascending wedge.
Next thing I look at is the resistence from the 21 MA. If it can clear the MA and price finds support I will open a long position with big upside potential on closing the gap.
No advise. Im a beginner. Feedback welcome.