NLS Trade

Bought @ 5.39

SL (soft) 5.06

Long term Target 11.2. Possible lower target 10. Will be watching volume and for bearish signals there.

Weekly and Daily look primed for a bottom/bounce. Keep an eye on bearish divergences after bounce because monthly still looks bearish and a high value buying area exists below 3.5

Higher risk trade. So lower position size for now with wider stop.

Weekly bull divs on RSI , MACD , FI

Daily bull divs RSi , MACD , FI , OBV + gap unfilled 8-11.6

Comment: Trade filled. Price rebounded a little while I was typing up analysis. But this trade is live.

This is my journal of my trades. This is not financial advice. Provided for educational purposes only.
Comment: Trade going well so far.

Slope of EMAs on Weekly is too steep atm. Look for possible rejection at the Slow EMA and sell signals in the value zone (marked)

Each time price has returned to the value zone on daily envelope it saw a sharp sell off. Watch for the same to occur Monday. If not, price should rise above and flip EMAs bullish. Target on envelope is currently just above $9


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out