Description
⋅ On the above 3 day chart price action has corrected over 90% since 2021. A number of reasons now exist to be long, they include:
1) Price action and RSI resistance breakouts.
2) Trend reversal, higher highs higher lows replace lower highs lower lows.
3) Support and resistance, the black arrows, price action has confirmed support on past resistance.
4) The bull flag pattern. Price action breakout forecasts a move to $1 as measured from the 2020 impulsive move.
Is it possible price action corrects? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: <=6%
Timeframe for long: You decide
Return: 2000%