Revised Target is now 14.80
Updated
We had a great rally today, followed by some nice profit taking.
But we appear to have more steam in this engine. Target #2 revised to 14.80.
But we appear to have more steam in this engine. Target #2 revised to 14.80.
Note
Currently I am out, target hit, but this move is far from over. I am looking for a strong pullback and entry zone trigger.
Just fyi: I dont rely on indicators, but do find RSI,26 (70/40) is helpful.
MacD does the same, but I have trained my eye to see Divergence, so not really needed. I do watch price action mostly and Candle formation on the 1HR during morning session. Charts are 15-minute delay, but I trade live price action, or some call it Reading the Tape. (old school term).
I try to fight me big three demons, Fear, Greed, and Lack of Patience. I have figured out how to keep a couple of them at bay, but it's a daily struggle.
Share your personal demons, mabye we can help each other.
Note
Nothing has really changed. Currently. ACB is consolidating, waiting for buyers to push it to 14-15 zone. I dont expect it to do much for than 15 this year. Next year, is a whole other story. I think we could see a few more rallies and pullbacks, food for the swing traders, before year end.
Note
Looks like it may hit 14.80 Target this week. Will we see a sell off before 15?
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