BULLISH
MN
On the left side, we have a 1 Month view and 1 hour chart.
On the right side, we have a 1 Month view and a 30 minute chart (zoom in)
I see a couple things here indicating a bullish breakout about to happen:
✅ A nicely formed Cup and Handle
✅Red flags: Indicating a Bullish RSI divergence. We have lower lows on the chart and higher lows with RSI
✅ A red candle closing the previous day that doesn't appear that bears are strong here
+ Waiting for the candles to break the trendline as confirmation before taking a position
Find good entries, know your exits, secure your profits
- Pocketfeeder
MN
On the left side, we have a 1 Month view and 1 hour chart.
On the right side, we have a 1 Month view and a 30 minute chart (zoom in)
I see a couple things here indicating a bullish breakout about to happen:
✅ A nicely formed Cup and Handle
✅Red flags: Indicating a Bullish RSI divergence. We have lower lows on the chart and higher lows with RSI
✅ A red candle closing the previous day that doesn't appear that bears are strong here
+ Waiting for the candles to break the trendline as confirmation before taking a position
Find good entries, know your exits, secure your profits
- Pocketfeeder