On balance volume confirms the trend, while Ease of Movement shows prices can move up easier on light (relative) volume. Those utilizing this methodology should go long when the MACD crosses its zero line, signifying strength in price action that mutually confirms volume action and vica-versa. Longs should use a 1 bar low trailing entry strategy until in the mkt, once in, a stop loss is logical at the most recent MACD Bullish crossover below the zero line, in this case on Jan 8, @ a low of $3.90 yes I know its a big stop loss (at least 12%) So leg into this if you must. This is a possible real floor here.
I'm looking to fill the gap at 5.46 coincident with a wave methodology stating 5.41 is the next intermediate high. 20% upside, depending on entry timing. This is my first publishing.
I'm looking to fill the gap at 5.46 coincident with a wave methodology stating 5.41 is the next intermediate high. 20% upside, depending on entry timing. This is my first publishing.