We are in a health consolidation mode as anything that goes up quick with volume will have a timely consolidation pullback.
I don't claim to be an expert but I like to share my ideas that make sense.
Observation:
Conclusion:
Wait for the pullback to 4000-4100 range to jump in.
If candle sticks, RSI, MACD, etc indicate oversold, jump in otherwise wait for the next level of pullback to 3800-3900 before jumping in
I don't claim to be an expert but I like to share my ideas that make sense.
Observation:
- Bullish trend (short term)
1 hrly Candle sticks are above EMA 50 and 100 range, plus cross over over, indicating BULLISH - RSI in 4 hrly overbought conditions
- Double bottom completed for a reversal
- Volumes are appearing to return and at this moment, dropping off due to the consolidation
Conclusion:
Wait for the pullback to 4000-4100 range to jump in.
If candle sticks, RSI, MACD, etc indicate oversold, jump in otherwise wait for the next level of pullback to 3800-3900 before jumping in
Trade active
Trade active
Bullish Pennant forming in the 3 m chart after hitting 4130 bottom(5)Trade active
The action moving up might not have stopped yet, Trade active
Trade active
i am still bullishTrade active
it looks like the pullback would be the 3900 range (probably over the weekend) to be complete that cycle.Trade active
If we were playing odds favorite, my guess (as no-one knows)Trade active
Is this the pattern before it goes towards 3000sTrade active
Point 5 almost reached and now on the bottom of the triangle, Note: inverse H&S also broken, Trade active
4 hrly volume has dropped off, I would expect another drop. Next stage 3700sTrade closed: stop reached
3280 is the middle of the next bottom stage or round about 
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.