Notes to myself 4.
I have a hard time distinguishing bull flags and Barts. Someone advised to look at the oscillator. So I did. It looks like a clear bullish divergence in Stoch RSI . It broke bottom trend line of the flag twice already (wave 4 diagonal - I count it may be in a wrong way, it works for me often though, so don't judge). What are the chances to bart from here with the divergence going on. I am going long with a very small position. Let's see how this plays out. Wish me luck :D
Ohh, and it looks very similar to the pattern we had in August 2018, just on a smaller scale. If no surprises and it repeats, then we should see 6.7-6.9.
I have a hard time distinguishing bull flags and Barts. Someone advised to look at the oscillator. So I did. It looks like a clear bullish divergence in Stoch RSI . It broke bottom trend line of the flag twice already (wave 4 diagonal - I count it may be in a wrong way, it works for me often though, so don't judge). What are the chances to bart from here with the divergence going on. I am going long with a very small position. Let's see how this plays out. Wish me luck :D
Ohh, and it looks very similar to the pattern we had in August 2018, just on a smaller scale. If no surprises and it repeats, then we should see 6.7-6.9.
Comment:
OMG. Last time I expected a bart and it was a bull, this time the opposite. I should just listen to myself and do the opposite.
Atm I am thinking it will take another dip to 6350 - 6390 possibly and then resume road to 6.9. Or not. May be that was it.