The graph starts early this year, so here we observe a very long sampling described by the EMA(50). Judging the high ATR and the staying of the RSI in the oversold position forms a very good recipe for an interesting week.
Observe the pennant in the next week, if price crosses up that's the buy signal, place a stop order above the highest of the previous day(following your own risk rules - I suggest 1 or 2% max cap).
Use the fib level as sell target, if it breaks up, a movement up to the $4900-$5000 regions is expected.
Market is just recovering from another "possible" "China Ban".
Observe the pennant in the next week, if price crosses up that's the buy signal, place a stop order above the highest of the previous day(following your own risk rules - I suggest 1 or 2% max cap).
Use the fib level as sell target, if it breaks up, a movement up to the $4900-$5000 regions is expected.
Market is just recovering from another "possible" "China Ban".