Highstreet (HIGH) - Easiest long trade.. ..since long trades were invented. Basically it is free money.
On above 3-day chart price action has corrected 80% since 20 days ago! Market participants have capitulated. Take advantage.
Previously price action has corrected to confirm support on past resistance. Sure it will break if it is meant to this time, but not right now. That is what makes this an easy trade. Look left.
The previous two support confirmations resulted in bounces of 50% and 100% (growing), respectively. On this bounce sellers are absent, which will make for a stronger support confirmation than the previous two.
How can I be so sure? Experience laddie and ladets.
Zooming in down to the 18hr chart we can see all oscillators are now recording bullish divergence (black circles). Divergencies that were just as strong when the market was bearish. This time on the reversal.
Is it possible price action correction further? Sure.
Is it probable? No.
Ww
18hr
