ONEPrice speedy into weekly monthly supply zones will price resist current momentum? let price tell us..
looking for short position around these areas.
expecting this current strong CT pullback into main downtrend direction to resume again over coming weeks.
Sure l'm bullish over longer term but price structure needs to play out before rising to 50 + cents.
looking at lower time frame charts /daily trading practices with weekly directions in mind, stop loss above mn and weekly supply zone.
good r/r for short side basically touch trade short entry from a liquidity spike.
ONE trade ideas
ONE .ASX Overall Downtrend phase easing atm, & potentially ending this yea, looking for another lower low in future, prior to that maybe upside to entice weekly, daily hl and buying hopium traders. Be watching on feb 24 for how price structure unfolds showing a clue into who's in overall control with strength and or weakness of whoever's in charge. current mid zone poor risk rewards outcomes, no trade setups either from weekly or daily charts. Let price come to us!!
Happy trading Perma
RSI Divergence signalGetting some positive signals for a bullish market.
Price troughs forming a declining line while RSI troughs forming an inclining line, which is the RSI divergence signal. It holds more significance at the 30 level as this is usually the over sold range.
The majority of orders are buyers which should also push price action up.
I bought into ONE a few weeks ago 27/04/2021 and currently 15% down. I have no intention to act on these positional movements.
