Long, with target 4446
Invalidation point: 4040
Multi-timeframe analysis
M) Up: SMA9 on RSI > 65
W) Up: Last PR TA 3911 (supp-level), still in correction
D) Mixed: RR bear, but PR TA: 4446
4H) Up: In correction, pay attention to bull div which is bearish signal
Early entry is now possible, safe entry is when Daily RSI is above RSI 60 again.
Invalidation point: 4040
Multi-timeframe analysis
M) Up: SMA9 on RSI > 65
W) Up: Last PR TA 3911 (supp-level), still in correction
D) Mixed: RR bear, but PR TA: 4446
4H) Up: In correction, pay attention to bull div which is bearish signal
Early entry is now possible, safe entry is when Daily RSI is above RSI 60 again.
Trade closed: target reached
Early entry was in hindsight excellent timing. Target reached and far beyond. New targets are set, see separate idea.
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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.