Avalanche Bullish Momentum Reversal
Holding weekly support. Support also holding at bottom of channel. Signs showing bullish reversal imminent. Place initial stop, be prepared for retest. If there is a retest, scale in and wait for momentum. Move stop to break even. Profit targets 1, 2, 3.
Note
Good divergence showing on the RSI. Reversal seems imminent.Note
Taking a little longer to play out but the increase in volume over the last couple of days is telling me when this one breaks out it is going to break out fast and hard!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.