Since my last update, Orsted has been sitting just under the Support at the High Volume Node, and also been shaping what seems to be a double bottom on the 4-hour chart. On a bit longer term it also shaped a bearflag/bearpennant, which should be rejected due to higher time frame trend such a's long term EMA's & RSI.
Currently a hammer-candle is present on the 4-hour chart, with its lower wick touching the excact bottom in the double bottom. Due to the extra consolidation time since last update, I'll remain long in Orsted untill just sub-1400 DKK, as long as this double bottom holds.
Currently a hammer-candle is present on the 4-hour chart, with its lower wick touching the excact bottom in the double bottom. Due to the extra consolidation time since last update, I'll remain long in Orsted untill just sub-1400 DKK, as long as this double bottom holds.
