potential short on AJ coming up on daily?
Updated
see chart for details - in a nut shell:
- ranging in a rising wedge, that is
- about to hit previous support, now resistance, that
- confluences with 0.5 retracement level of previous swing low, all while
- RSI and STOCHS are (close to) being oversold and topping out...
stops above previous 2nd resistance level
targets indicated -
T1: clone of the wedge base depth
T2: previous support
- ranging in a rising wedge, that is
- about to hit previous support, now resistance, that
- confluences with 0.5 retracement level of previous swing low, all while
- RSI and STOCHS are (close to) being oversold and topping out...
stops above previous 2nd resistance level
targets indicated -
T1: clone of the wedge base depth
T2: previous support
Trade closed: target reached
Both TP1 and TP2 hit nicely
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