DYL , Big hammer on weekly in previous supply zone.rejected 50W MA.. Broke-Backtested-Rejected ascending triangle support.
Possible demand zone and reversal area indicated on the chart, watch for RSI support on this pullback.
This is what i will be waiting/watching for over the coming weeks/months.
As Central Banks print trillions of dollers each day of worthless FIAT currencies to prop up an already doomed global economy.
Many other will be going back to cash and decreasing their risk on stock markets.
Once everything settles and the Media stop over hyping this Corona Virus and...
GLL currently trying to push past 50 week MA and supply zone, Broke out of down trend.Waiting for Weekly MACD as confirmation. WEEKLY MACD seems to be the buy signal on this one. Last 4 times weekly MACD crossed it ran.
Galaxy volume can tell a story and indicate when the smart money is moving in and getting out IMO. Smart money does not move in when the price is soaring. It moves in and sucks up retail shares when the panic is on..
Smart way to play this IMO is to wait for weekly higher low as confirmation. Patience is key.
Dont want to see this current support level break...
Entry = 0.205
Stop = 0.170
In at 0.205 don't want to see 0.170 break or the move is over.
TBH the chart doesn't look that great. BIG Weekly H and S = Bearish, Weekly MAs have crossed bearish, Dalay MA,s Crossed Bearish.
61.8 fib zone is good reversal zone.
Volume in lately soaking up the supply.
Weekly 200ma at 0.190
Good support zones at...
NEG Daily RSI Divergence playing out strongly on LPD, Gap done on positive new. (perhaps too many announcements on same day).
Looking for a "possible" reversal in the green zone, backed up by the 75 day MA. (has acted as resistance in the past..may act as support) Coming in line with the 61.8% fib level which is a probable spot for reversals.
Watching LIT ETF...