Weekly in downtrend Channel
OBV> OBV40, and OBV divergence
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
First of all, I'm not advocating getting in at this level - market timing is like calling a dice roll, and I'm not a bear except when I've made money on SQQQ over the short term.
But given the events that occurred last March, HDGE is worth paying attention to. More info on HDGE (advisorshares.com).
Information provided in this correspondence is intended solely...
Buy signals @ 1D TF.
- RSI hit support level @29 and is bouncing upwards
- MFI @4!
- StochRSI has crossed bullish
- MACD turned bullish and bullish cross will come very soon!
- WaveTrend oscillator has generated a buy signal
Note this is a "short-term" trade on the 1D candle chart time-frame.
On the 1W TF the chart looks still bearish!
Entry: 6.25 - 6.40...