HolleyIG

Short term retracement setup for bullrun

Long
NYSE:MUFG   Mitsubishi UFJ Financial Group, Inc
1D Heiken Ashi chart is printing smaller sized bars and wicks showing a possible trend reversal. I'm building a position here as there are several different TA elements happening across multiple timeframes.

Top level
1D: DCA into a position at 5.84
● 200EMA
● Fibonacci golden ratio 0.618

4H
Buy signal with price consolidating inbetween 0.50 and 0.618 Fib levels
RSI increasing from 30 level
MACD crossing up

1D
Price here is decreasing with RSI and MACD increasing
● Hidden bearish divergence
I think in the short term dip lower to the original target level. 5.84

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