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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.