Massive capitulation candle. approx 90% retracement. and confluence on the Gann 1/4 Gann fan line suggests we should be looking for another entry point soon. I would not suggest entry until the 4hr or daily confirmation. Signals will be good after that
topping out and reaching oversold on the hourly. I would not enter right now
nv3rma
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What do you think is a good entry point?
mnovo
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@nv3rma, i entered at 32.5. Day after the HA doji and the 1st HA candle. I will follow the HA candles until I see a Red one. HA candles are less noisy. I work on the daily only but if it's stable price action, I also watch the 4hr. GL