** Comments and Like are appreciated; New Subscribers are glowing! **
What I see...
+ Prices found Support from 200MA
+ Bullish reversal bar formed with healthy volume
+ Past Bullish Kicker candles implied a few days for bullish burst
+ 10MA still above 50MA
- RSI is in bearish territory
- MACD is also under signal line and in bearish territory
- High volatility prices; require tight Stop!
- Widening of Bollinger Band
- Slight upper shadow from today's bar
What I setup
+ Long entry above today's high
- Stop under Friday's Close
+Target is at the downward sloping trendline
:: Duration is 2-4 days
What I see...
+ Prices found Support from 200MA
+ Bullish reversal bar formed with healthy volume
+ Past Bullish Kicker candles implied a few days for bullish burst
+ 10MA still above 50MA
- RSI is in bearish territory
- MACD is also under signal line and in bearish territory
- High volatility prices; require tight Stop!
- Widening of Bollinger Band
- Slight upper shadow from today's bar
What I setup
+ Long entry above today's high
- Stop under Friday's Close
+Target is at the downward sloping trendline
:: Duration is 2-4 days
Trade active:
Setup triggered; Long position
Trade closed: stop reached:
Stopped out today at + 0.05R