Setting up for a move either higher (preferable) or lower.
Daily EMA's are sideways and still bullish, 4 HR and 1 HR are sideways with a bearish slant. BB on all three time frames are squeezing. Stochastics on daily are headed lower, on 4 HR are headed lower and on 1 HR are headed higher. ADX is headed lower on daily, higher on 4HR and higher on 1 HR; none over 40 yet.
Trigger is 120.258, stop is 119.047 and target is 123.436. {The trend is your friend} Trigger is 117.304, stop is 119.047 and target is 114.5 ish (to trend line). - This one is a no go for me. Have to trade my plan.
I want to believe but i think it's going to drop lower first... creating a bat pattern then push to 124
Therealaleech
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Great observation. I'm looking forward to it getting down there. Looking at the 4 and 1 hr, it looks like it'll head lower to the primary trend line. I won't be playing it lower though, but will on any potential bounces.