The price created a large gap and this trading setup suggests that it will more likely be filled. There is a strong daily support level at 46.46, where most of the buy orders are placed. Plus, that is the best area for previous sellers to lock their profits. Those scenarios will push the price up. In addition, the market completed the Gartley pattern that...
Go BIG with this one. It looks good on the lower time frame charts and could see some improvement on the higher time frame charts in the future.
MACD looks good and so does OBV
MACD looks good, but has yet to perk up.
AN INTRADAY (4 HOUR TIME FRAME) HIGH POTENTIAL, BACK TESTED SORT ANALYSIS.
We try to enter into the correction of the uptrend movement.
1) Stochastic Oscillator Overbought ready for short movement.
2) Take Profit between 50.0% and 61.8% Fibonacci retracement.
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK...