I know this chart is busy but didnt have time to clean up. In short Im long here unless we break and stay below $6699ish. I had take profit/switch long orders in at $6785. The last move retraced to the blue 70% fib line.. similar to last 4hr long pullback. RSI shows bullish divergence on the 15min & hourly. In my opinion this long trade will be invalidated if a...
No positions taken for me at the moment but Ill be looking to see what happens with this current falling wedge situation. Shorts currently outnumbering longs so, interesting to see what may happen next few weeks. I feel like bottom not in yet, capitulation down to $4400-$5400 area not out of the question at some point, just when will it happen. May possibly bounce...
Rough idea and entry for now. More precise entry will only be made after multiple bullish/reversal confluences. Will be looking for entry when Daily RSI down trendline breaks/holds. Will also obviously look for multiple areas of confluence such as RSI divergences, any bottoming candles, heikin ashi trend color change on Daily etc. Again, not calling for ANY entry...
