Massive Buy opportunity:
Technometer Oversold and Bullish Divergence
Optimism Pessmism - longer term Bullish divergence
Force - longer term Bullish divergence
It suggests the Manipulators have filled their buy orders, and a move higher is to be expected.
9600 would be a good Take Profit Level.
After a bullish divergence, both OP & Price are in harmony and are considered to have a harmonious action.
It suggests the market will continue to move in that direction.
Levels of interest: 9600 for Take Profit; below 7600 for Stop Loss.
The Optimism Pessimism indicates the amount of effort going into moving the market up or down.
Case scenario: Short Position based on a moving average crossing
Stop Loss 0.50%
Take Profit 0.50%
Trailing Stop 0.41%
Trailing Take Profit 0.41%
Using a Trailing Take Profit of 0.41% that gets activated at the Take Profit level of 0.50% results in locking in the profit with minimal risk of closing the position too soon.
A Trailing Stop used with the same 0.41%...
- An AB=CD pattern seemed to be forming, but the ratios were not respected.
- There is an Elliot Wave ABC correction that may be followed by an impulse.
- Bullish Trend.
Wyckoff Arsenal (The Wyckoff Method):
- Force vs Price Bullish Divergence;
- Technometer Clearly Oversold at 37.52;
- followed by a higher...