ADABTC Bearish into RLZ with potential reverse at 70.2 Sweetspot
Many signs indicating bearishness on 4h chart. Looking for potential reversal in the reload zone at 70.2% fib retracement.
Going long from there. Feedback appreciated.
Going long from there. Feedback appreciated.
Note
Expected bearish move reached from initial idea.Now waiting for a reversal around the 70.2% fib retracement sweetspot.
Looking for at least 3 key setups before taking a long position.
1. Confirmed W or H&S
2. Harami, or Green Engulfing bar
3. Bullish confirmed Candles formation
4. Bullish Divergance with MACD
5. Bullish 1,2,3 impetus on OBV and Volume
6. Stupid Willy%R (oversold below -80)
Keeping a close eye!
Note
Note
Latest update:Right on the sweet spot. Looks like its making a turn...
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