Going with the ugly colors today. I'm not trading atm, just watching from the bleachers.
Numbers on chart:
1,2,3: Trend lines for support. 1 and 2 have been broken...we could see us test #3 but who knows when. Those that buy in at support 3 are so boss.
4: Watch for a move here. If we have a clean break on a possible down trend, the short term looks bright. Wait to buy until this closes on the daily for a safe entry. But be careful, if we can't break the down trend here, look for a bullish three drives pattern.
5: Traders can buy in here and look to sell at point 6.
7: Best point to buy obviously.
I'm not saying that it's going to happen, just that it could.
Numbers on chart:
1,2,3: Trend lines for support. 1 and 2 have been broken...we could see us test #3 but who knows when. Those that buy in at support 3 are so boss.
4: Watch for a move here. If we have a clean break on a possible down trend, the short term looks bright. Wait to buy until this closes on the daily for a safe entry. But be careful, if we can't break the down trend here, look for a bullish three drives pattern.
5: Traders can buy in here and look to sell at point 6.
7: Best point to buy obviously.
I'm not saying that it's going to happen, just that it could.
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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.
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.