good spot to try some TD for a swingTD touched weekly LBB and bounce also the support at daily 58.72.
Yesterday candle combine with Wednesday candle confirm the temp bottom in and it should move back up to MBB and even UBB daily.
I would get some here for a swing trade target at least daily MBB depends on mkt condition it should be able to reach daily UBB as well.
TD/N trade ideas
TD Rising Wedge SetupAs TD continues if it bounces off the green line I will assume a short play if it continues passed the green line I will go long.
I am bear biased on the market. Its more likely that it will continue higher 55% and 45% it will go lower. Stocks usually go up :P
This is a journal entry. Not trading advice.
Can TD find solution to TD OIL security ? find the answer The second down trend wave is DUE and HERE. MA 200 and MA 25 showed gap bearish on Feb 25th 14th of April and 20th of April. Those are very significant gaps as they happened between MA 25 and MA 200.
RSI showed resistance for Jan-April Support line as well as March-April lines.
It is very hard to predict where to close your short position. but 48.55$ is a collection area
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