An intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Already placed a buy order at 73.78, then cancelled because there was too little volume - around 40% less than usual. The general market is up after a few down days, however there's still more new lows than highs.
Think I'll just stay out for now..
Little late to the move on this one. Both Uniform action lines already gave an entry signal.
Look for the top side RSI resistance line to be broken along with a MACD zero crossing for an entry. Watch for rising volume on the breakout to confirm the move is valid; additionally watch out for rejection at that price action line.
If you agree with this idea please...