@henrymorris1999, Very hesitant. If it begins to run sure but with the way the weekly candles are gapped up so high above the sma they could have weeks of correction which encourages the daily candles to run through the sma and down for abit to recover before popping out the other side. So even though the hourly looked alright I think the other charts aren't looking as healthy i'd want to see it prove itself before preemtively trading it. The goal would be a launch to .9 or something and i'm not sure its going to make it without some recovery first. I was watching this and EMN, emn won out for me looks much healthier, it's already done its recovery through the mountain and both the daily and weekly candles are in strong positions to run to .9. Of course take anything i say with a grain of salt i'm still learning do your own research and be sure to trade on your own confidence.
henrymorris1999
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@mugsy742, Have you still got your eyes on this trade - looks like it could be going for a run
mugsy742
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@henrymorris1999, yeah still watching but it'd have to cross the sma on the daily candles to excite me which is like .54 or so.