RIG - Potential long opportunity approachingThis could be a very healthy controlled selling on the way toward a retest of our purple selling channel and potentially a breakout thereafter.
This is what to look out for - and again this is on the weekly chart so definitely look at lower time frames to get a better/clearer picture
Happy Trading :)
- TraderDaddyOG
Longopportunity
DE - Interesting long opportunity after strong support foundWe found strong support on our yellow buying continuation and we are now looking to activate a stronger buying continuation such as teal or purple to continue this move upward. We broke out of our stronger controlled selling algorithms (blue and orange) and are now finding resistance at tapered white controlled selling. Once we build a little more liquidity I definitely expect a strong breakout of this algo.
Stay tuned!
Happy Trading :)