1/19/19 The 1D looks interesting. My thought on a play would be to stop buy above the shorter TF BB for a potential 55% profit, with a stop that hits with 8.5% loss. Big TP would have to get through established resistance though - I might move my SL to break even when it approaches the resistance. SL set inside the shorter TF BB because we would have had a...
My interpretation of the current situation is that we could be setting up for a nice move - direction unknown though I'm bearish. The chart shows we are trading at the bottom of the 200BB and the 100 is contracted. Short term bands are reaching full contraction. We are in a weak, contracting trend on the CCI RSI is trending down. Long at 8986 T1 2.36% 9199 T2 ...
This is a setup that I've just set an alert on. It's my first ever published idea. Hope it goes BIG. :)