Down-sloping resistance
Currently on a mini support too but it probably isn't too strong.
Daily and 4hr hidden bullish divergence on the MACD and RSI (Daily MACD not developing as yet)
Stop is below 2nd horizontal resistance line
1st Target = ATH
2nd Target = 1.618 fib. extension (more cautious on this target)
N.B - Taking this play here because I expect a market bounce tomorrow after the huge sell off today... this could trigger a break of resistance and turning of negative momentum.
Currently on a mini support too but it probably isn't too strong.
Daily and 4hr hidden bullish divergence on the MACD and RSI (Daily MACD not developing as yet)
Stop is below 2nd horizontal resistance line
1st Target = ATH
2nd Target = 1.618 fib. extension (more cautious on this target)
N.B - Taking this play here because I expect a market bounce tomorrow after the huge sell off today... this could trigger a break of resistance and turning of negative momentum.
Comment:
1st Target achieved!
Comment:
2nd Target Achieved!