This is update on coming up buy idea on google.
Yesterday google declined to buy level I mentioned before (see idea attached)
And produced buy signal set up.
Google finally declined in to green support scd band on weekly. This is first decline since September of last year- scroll weekly chart to the left and look on reaction. Ok now i am in strong weekly support, the buyers sitting here playing on weekly time frame and they extremely strong, so i am looking for signs of them start stepping in.
Switching to smaller time frame:
At the same time on smaller time frame in square- 3 red candles declined but no follow through down but next candle green with gapping up and close green and next candle gapping up and green also bottom bolinger broken and becomes support on next candle and next gapping up triggering buy from here. Also this spike up and next spike down- is bullish meeting candle reversal.This is buying from weekly support.
Let’s see if they can push prices higher to test top bolinger on weekly.
Or it can be just intraday trade set up.
Yesterday google declined to buy level I mentioned before (see idea attached)
And produced buy signal set up.
Google finally declined in to green support scd band on weekly. This is first decline since September of last year- scroll weekly chart to the left and look on reaction. Ok now i am in strong weekly support, the buyers sitting here playing on weekly time frame and they extremely strong, so i am looking for signs of them start stepping in.
Switching to smaller time frame:
At the same time on smaller time frame in square- 3 red candles declined but no follow through down but next candle green with gapping up and close green and next candle gapping up and green also bottom bolinger broken and becomes support on next candle and next gapping up triggering buy from here. Also this spike up and next spike down- is bullish meeting candle reversal.This is buying from weekly support.
Let’s see if they can push prices higher to test top bolinger on weekly.
Or it can be just intraday trade set up.
