Bullish Inverse Head-and-Shoulder-like pattern breakout. Had accumulated at between $33-$36.
Will sell within the green zone.
Updating stop limit to below the bottom dark blue horizontal breakout line, accounting for volatility.

Also, FG histogram had shown bullish divergence, turned green and flipped positive as well on the 15mins candlestick chart.
Will sell within the green zone.
Updating stop limit to below the bottom dark blue horizontal breakout line, accounting for volatility.
Also, FG histogram had shown bullish divergence, turned green and flipped positive as well on the 15mins candlestick chart.
Note
Still looking bullish after the rejection at ~$48, since it subsequently successfully bounced off the blue line as support, and had also strongly wicked back up after ranging low. Got stopped out by my limit set, but managed to buy back in just slightly lower again at ~$39. I'm setting an additional small sell order at around $47. Note
Perhaps there is a chance to long again, if it holds above the white arrowed line to confirm the breakout from the short-term downward trend:Note, I am posting for my own record (future reference). I might to be updating the ideas in time since it is more difficult to post ideas on my mobile. :)
Trade closed: stop reached
Note
Basically I am now setting lower and lower buy level as lower highs are being set on the shorter hourly/30mins timeframe (i.e. above the purple line). Will keep readjusting to lower my buying price as lower highs are being set on the hourly.The FG histogram had turned orange (bearish). Need to wait for it to turn back to green (bullish) again.
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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.