On the heels of the 15m long setup in LTC (reviewed in a tutorial this AM & recently posted about) I thought I would post the 1hr chart too. Here we see a very interesting double bottom on Willy as she briefly touched into the 'stupid oversold' condition. The move itself was a tag of the OTE long sweet spot (15.09 area) on a bullish momentum divergence. In essence, there was enough evidence here to suggest long entries were warranted and moving to the 15m chart we saw a very nice OTE long sweet spot tag entry to get long off of.
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Comments
Stockman
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ROFL, just flip a coin .... looks like you can't make up your mind there buddy
CRInvestor
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?? did you look at the 15 post? (tradingview.com/v/yr5qSWYk/) It's a valid setup & r/r levels given too. Can't get much clearer then that...again...??