good long entry if it gets back in the channel
longing the first of may and closing at the end of august has been 100% profitable all the time* (*): since 2016
but i will accept credit if it plays out
The 80% Rule states that when the market opens or moves above or below the value area but then returns to the value area twice for two periods, there is an 80% chance of filling the value area. Originally this rule is used with half hour periods but it seems like it can be used on other timeframes as well
Seems to be reaching for the upper trend line on the logarithmic scale
As you can see there has been a beautiful breakout from the channel We are currently awaiting news which is expected to be released before the 1st of January. It's possible we will retest the 50 MA around 0.450 to give the RSI some breathing room but I'm not placing bets. Just a little update to get some ideas in for this ticker
This might indicate this is the bottom and a perfect place to buy If it goes lower there is no saying in where it would go but the fundamentals are in my opinion strong enough to support this level
7:1 The Lord said to Noah, “Come into the ark, you and all your household, for I consider you godly among this generation.
Stoploss if it reenters the channel but I think thats highly unlikely
Atleast for short term good short
Great short entry