Weekly in an uptrend channel . It has been retracing from a long climb and now it looks like the price wants to continue its journey.
At the moment the price is at support and the weekly bullish divergence is lurking
At the moment the price is at support and the weekly bullish divergence is lurking
Comment:
Looks pretty squezed now
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Hi,
It seems that you are assuming the lower level of your channel?? Isn't that dangerous?
It seems that you are assuming the lower level of your channel?? Isn't that dangerous?
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Lower trendline in channel is the support. Why would that be dangerous? I always use candlestick patterns for entry.
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Can you see the potential high spin doji? With the massive bullish div?
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ok
thank you but you don't seem to get my point
I wish you the best
thank you but you don't seem to get my point
I wish you the best
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I do get your point, this channel lower line has 3 touches excluding the one now. So that makes it a valid trendline.
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hmmm
Where are they? I can't see them
Maybe you are referring to the one that doesn't have a swing after it?
Where are they? I can't see them
Maybe you are referring to the one that doesn't have a swing after it?
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Channels aren't that easy as ichimoku ^ ^, but you have to zoom in to 4h tf to see the touches.
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