$92e Energy Limited
Updated
92e currently trading below that important daily range low. Previously a move above this range low and re-claim saw the market move higher.
Bullish Scenario:
-Double Bottom
-RSI Small Bull Div
-MACD Big Bull Div
Plan:
looking for entry at @425 or below as i think it will be the backtest of this double bottom pattern that played out in the past.
If market does not give this backtest then P2an 2 will be to buy the re-claim of that important daily range low @ 485
Protection:
if market trade's below that double bottom @380 its time to jump ship and reevaluate the next plan.. A quick dip below 380 and re-claim of MAY 21 AYH level will give me a signal to enter again.
Hope this helps.
Bullish Scenario:
-Double Bottom
-RSI Small Bull Div
-MACD Big Bull Div
Plan:
looking for entry at @425 or below as i think it will be the backtest of this double bottom pattern that played out in the past.
If market does not give this backtest then P2an 2 will be to buy the re-claim of that important daily range low @ 485
Protection:
if market trade's below that double bottom @380 its time to jump ship and reevaluate the next plan.. A quick dip below 380 and re-claim of MAY 21 AYH level will give me a signal to enter again.
Hope this helps.
Trade active
that looked like the backtest. I missed it was hoping for deeper. but will realign now on reclaim of range low.Looks good
Note
Its deviating the range low marked on the chart. Personally looking for entry in that backtest zone now.. Look at how important those ranges are. It rejected the range high and is on its way back to find demand.Below that double bottom i will cut all and reassess
Trade active
Looking for this higher TF higher low.
All bets are off below the double bottom.
EMA on lower TF cross and falling res will get me in.. Lets see.
ES!1 looks toppy and may drag the pants off US markets
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