Buckle Up for a Wide Ride!
Updated
What I see...
+ Side way move within channel since prices hit bottom back in early April
+ Reversal candle with confirmation painted last week
+ Triple NR7 bars with descending vol., followed by a wide range bar with higher vol.
+ 10ma is crossing 50ma
+ MACD is about to turn bullish!
+ RSI is at 56
+ Prices are supported by 50MA and 10MA
+ Somewhat narrow Bollinger
- Long upper shadow from today's bar
- Resistance ahead
What I trade...
+ Long above today's high
- Stop at bottom of this week's low
+Target at low-$18
Order cancelled
Setup failed to trigger; cancelled trade
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