Bounce on Tanta Pivot Channel 2, Pattern Bullish engulfing and bullish harami and hammer with volume, Major trend uptrend Above MA 50 and 200, Entry on Retracement
The obvious beginning of the fifth wave.
to yellow.
There is a lot of supporting aspects related to this setup, but don't bet the farm on any one trade, even perfect setups fail, money management is the most important variable to successful trading. 1. 50 ema > 200 ema 2. Tight trading range from 2/2014 to 11/2014, followed by a strong breakout confirmed with increase in OBV 3. During trading range we had...
But the price remained unchanged.
The upper boundary of the cloud can serve as a stop line.
long setup. forming a bullish pennant. watch for a breakout