After breaking through a diagonal resistance line, the price is testing another diagonal mini resistance.
I would expect a return on the support in red for a good entry, unless it gives indications that it won't go back there anymore.
I think the Japanese and Asian markets will anticipate what will happen this week.
After a false breakout of a diagonal resistance marked in blue, there is a high chance of filling the gap that was left open, reaching at least as far as the correction of 0.618.
Then we will have a better definition.
Hello traders.
1. Weekly chart
Stochastic RSI pointing up.
The price has reached the 1.68 target of the projection and also the diagonal Fibo channel, a well-known target.
2. Daily chart
I plotted two possible scenarios, an optimist with a green arrow and a pessimist with a red arrow.
The price apparently corrected on the 50% retracement:
The correction...
After failing to reach new highs and confirming the bull flag, it looks like we are going to try again here. iIl enter here with a tight stop soon as the DMI stoch cross above the 20 level. IMO as we cud easily pull a Bart here and go back to 43k area, but marco trend is so strong, I would not try to short this until sentiment shifts.
By using this indicator you can better view the Stoch indicators used by this strategy which are:
- Stochastic (14,3,3)
- Stochastic RSI (14,14,3,3)
- Stochastic RSI (6,6,3,3)
- DMI Stochastic
This is best used alongside:
- Evan Cabral binary strategy 2
- Binary with Temito
The analisis is:
- When all lines in the indicator are above or below the...
