Go to the weekly chart and you'll see that this a correction and the probability of the price to make the impulse trend are high, cause we have a lot of correlation points here, we have the uptrend, the support line and also we have the Bullish Harmonic Pattern, these triple are really close to each other and that gives to us a possible zone where the price can change the direction.
We also have to stick our eyes on it, cause the price it's already in the PRZ, nevertheless let's follow the rules:
1. Harmonic Pattern Completion - Done;
2. PRZ Hit & Test - Hit, Waiting for the test;
3. Candlestick Reversal Sign - Waiting;
4. Stoch RSI Reversal Sign - Waiting;
5. Candlestick Confirmation Sign - Waiting;
6. Stoch RSI Confirmation Sign - Waiting;
7. Risk Management - Set;
Okay, we just have to wait for a few points to be fulfilled and then if the price gives us a clue to trade it, then we have to trade it with all the strength we have.
We also have to stick our eyes on it, cause the price it's already in the PRZ, nevertheless let's follow the rules:
1. Harmonic Pattern Completion - Done;
2. PRZ Hit & Test - Hit, Waiting for the test;
3. Candlestick Reversal Sign - Waiting;
4. Stoch RSI Reversal Sign - Waiting;
5. Candlestick Confirmation Sign - Waiting;
6. Stoch RSI Confirmation Sign - Waiting;
7. Risk Management - Set;
Okay, we just have to wait for a few points to be fulfilled and then if the price gives us a clue to trade it, then we have to trade it with all the strength we have.
Comment:
Always stick to the Plan!