Long
TRIG new cycle, 133% potential
TRIG seems to complete the market cycle.
It is in a downtrend but on the bigger picture, it is also forming a pennant.
Also Stoch RSI looks it's oversold and volume starts to decrease. This may suggest a trend reversal.
The hourly looks that there is room to go lower, maybe it will touch 0.88 retracement from the previous cycle or go a little bit lower, but on daily it looks oversold.
Also it is also in an interesting price area. The same price area acted as both support and resistance in the past.
Will take a position and will sell at key price levels that also match fib zones.
Targets sent in Telegram
It is in a downtrend but on the bigger picture, it is also forming a pennant.
Also Stoch RSI looks it's oversold and volume starts to decrease. This may suggest a trend reversal.
The hourly looks that there is room to go lower, maybe it will touch 0.88 retracement from the previous cycle or go a little bit lower, but on daily it looks oversold.
Also it is also in an interesting price area. The same price area acted as both support and resistance in the past.
Will take a position and will sell at key price levels that also match fib zones.
Targets sent in Telegram
Note
FA: June public launch of smartguns.com blog.blocksafe.network/2018/03/30/122/Note
We seem to be forming a smaller pennant on the smaller timeframesAlso on the higher timeframe, Stoch RSI, RSI and MACD seems become bullish
We've also met some resistance under daily cloud
Will try to average down in this trade a little bit.
Note
it was 4h cloud, sorryTrade closed: stop reached
Epic Fail
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Related publications
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.