As we have seen in previous examples, everytime we had these green & yellow mountains on mr momentum, price has moved up, exactly the same with pink & red mountains.
Having said this, Im expecting a retest of the 63.5k area. Buy the dip ! Notice how we are also developing bullish divergences on some indicators (rsi,macd) in lower tfs too.
Invalidation: Making a lower low(below 57.5k), that would be a pretty bearish signal. and I would start looking for shorts a pullback.
Remember, always trade at your own risk!
Having said this, Im expecting a retest of the 63.5k area. Buy the dip ! Notice how we are also developing bullish divergences on some indicators (rsi,macd) in lower tfs too.
Invalidation: Making a lower low(below 57.5k), that would be a pretty bearish signal. and I would start looking for shorts a pullback.
Remember, always trade at your own risk!
Note
Move up failed(SL reached), but entered a long in 55322. Printing yellow & green mountains on the daily tf!
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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.