so i see lots of the stupid bandwagon bears telling their followers to short this wedge. The concern is something that looks like a low volume breakout, but in fact it is morphing in to a bullish pennant.
The logical thing to do is to go LONG here, but be cautious as always. Falling wedges are no signs of reversal, so keep your targets moderate. But don't SHORT
The logical thing to do is to go LONG here, but be cautious as always. Falling wedges are no signs of reversal, so keep your targets moderate. But don't SHORT
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Been in a small surgery so had no time to update. But there was a quite abvious bearflag there which broke down, i'm adding to my long here on the retest of the wedge.
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there is a quite decent bullish divergence here, as stated i decided to add to my long here on the retest of the wedge.
But as always be cautious, i'm not calling for reversal or end of bear trend yet. But a good bounce atleast is in the making.
But as always be cautious, i'm not calling for reversal or end of bear trend yet. But a good bounce atleast is in the making.
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time to go hard, note the hidden div too.
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the divergence
Trade closed manually:
I'm abandoning this trade here, can't ignore this bearflag.
Bye felicia, try again
Bye felicia, try again
Small bearish divergence on low tf, it doesn't look great for this breakout.
I'm sitting on my long a bit more but watching closely, bears might take it back soon.
Shorts keep piling on to record highs!