Aiming for gap fill? With bullish cypher

2021年12月7日

Bullish Signs:

• Large volume the last few candles showing bulls trying to stop the drop down below the 200 SMA on the daily.
  
• Bullish divergence on MFI and Stochastic implies volume attempting to push it up
  
• Market trend is leaning towards positive.
  
• Completed bullish cypher pattern
  
• Returned to the support of an ascending channel
  
• Squeezing between 50 and the 200 SMA on the daily.
  

Also noticing a negative divergence however. I don't think it'll have the same strength to reach the top of the channel, maybe a gap fill. Would think the safest entry is after confirmation above the 50 SMA.

2021年12月9日

注释

Worried about the setup as it could also be rising wedge that broke down with a bear flag. Would tread carefully.