What I see...
+ Prices bounced back from mid-March low of $110 forming a v-shape pattern
+ Along the way, prices zig zac along major Fib marks
+ Huge vol. back in Dec!
+ Prices moved side way in the past few sessions
+ MACD has crossed upward
+ Both 10 and 50 MA are above 200MA
+ RSI at 62
+ 52 week & all-time high
- prices are distance from 10MA
- prices could continue to go side way, within channel, until 10 MA has pulled closer
- Slight upper shadows across the past few sessions
What I setup...
Long entry if break above last week's high
Target at 0.618 Fib
Stop at -4d low
+ Prices bounced back from mid-March low of $110 forming a v-shape pattern
+ Along the way, prices zig zac along major Fib marks
+ Huge vol. back in Dec!
+ Prices moved side way in the past few sessions
+ MACD has crossed upward
+ Both 10 and 50 MA are above 200MA
+ RSI at 62
+ 52 week & all-time high
- prices are distance from 10MA
- prices could continue to go side way, within channel, until 10 MA has pulled closer
- Slight upper shadows across the past few sessions
What I setup...
Long entry if break above last week's high
Target at 0.618 Fib
Stop at -4d low
Trade active
Long entry triggeredTrade closed: stop reached
Stopped out today @ Loss 0.65R
Shake Shake Leg
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.
Shake Shake Leg
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.