TCOM bounce off support
Pros:
- MACD, FI. EMA all sloping up
- Bullish hammer follow by a big green kicker candle
- Both MACD and FI trace higher lows in sycn with the higher lows candle
- Weekly candles loooking decent. Each lower lows traces a higher macd low
Neutral:
- Volume is quite average on the reversal candles
- Potential realistics profit target is pretty average at around 2R
Cons:
- Counter trend trading and no divergence.
Trade Grade: 5/8
EMA: 2/2
MACD up: 2/2
Force Index up: 2/2
Volume on reversal candle: 1/2
Counter trend: -1
Divergence: -1
- MACD, FI. EMA all sloping up
- Bullish hammer follow by a big green kicker candle
- Both MACD and FI trace higher lows in sycn with the higher lows candle
- Weekly candles loooking decent. Each lower lows traces a higher macd low
Neutral:
- Volume is quite average on the reversal candles
- Potential realistics profit target is pretty average at around 2R
Cons:
- Counter trend trading and no divergence.
Trade Grade: 5/8
EMA: 2/2
MACD up: 2/2
Force Index up: 2/2
Volume on reversal candle: 1/2
Counter trend: -1
Divergence: -1
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