On the above 3-day chart price action has corrected over 80% since last May. A number of reasons now exist to be long, including:
1) A buy signal has printed.
2) Price action and RSI resistance have broken out.
3) Price action is now testing the golden ratio following breakout.
4) Stochastic RSI crosses up 20 on 2-week chart (below). Do not ignore! This version of the Stochastic RSI function I’ve specifically coded to indicate the green shaded area during extreme oversold conditions. It does not always trigger.
Is it possible for price action to fall further? For sure.
Is it probable? Very unlikely.
Good luck!
Ww
Type: Trade
Risk: <=6% of portfolio
Timeframe: 1-3 months
Return: 500% minimum
2-week chart
1) A buy signal has printed.
2) Price action and RSI resistance have broken out.
3) Price action is now testing the golden ratio following breakout.
4) Stochastic RSI crosses up 20 on 2-week chart (below). Do not ignore! This version of the Stochastic RSI function I’ve specifically coded to indicate the green shaded area during extreme oversold conditions. It does not always trigger.
Is it possible for price action to fall further? For sure.
Is it probable? Very unlikely.
Good luck!
Ww
Type: Trade
Risk: <=6% of portfolio
Timeframe: 1-3 months
Return: 500% minimum
2-week chart
交易开始
8 oscillators printing bullish divergence following the 'incredible buy' signal, perfect.交易开始
history repeating - daily chart below
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。