Candle stick pattern showing large buying sentiment and volume confirming it on top of the previous high* whilst touching the 50 ema signifies a possibility for a continuation up to the 28$ mark if measuring at the previous swing where the fuel might tone off because of a new high.
I have a long.
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If the candle closes above open with a nice spread we have a good pivot point
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Solid continuation
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Ready to close
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I haven't closed down the position yet as the chart is pointing towards another continnuation on the lower tf's after a healthier pullback
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Support has been tested and is now valid, waiting for a probable swing, position still open.
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Note: Diagonally horizontal arrow doesnt have any measurement only the the vertical ones
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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.