Many signs indicating bearishness on 4h chart. Looking for potential reversal in the reload zone at 70.2% fib retracement.
Going long from there. Feedback appreciated.
Going long from there. Feedback appreciated.
Note
Expected bearish move reached from initial idea.Now waiting for a reversal around the 70.2% fib retracement sweetspot.
Looking for at least 3 key setups before taking a long position.
1. Confirmed W or H&S
2. Harami, or Green Engulfing bar
3. Bullish confirmed Candles formation
4. Bullish Divergance with MACD
5. Bullish 1,2,3 impetus on OBV and Volume
6. Stupid Willy%R (oversold below -80)
Keeping a close eye!
Note
Note
Latest update:Right on the sweet spot. Looks like its making a turn...
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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.