Close above EMA(10,close), next TP target 51$ where we can put some position of short... IMO
As far as I konw, TBL trend up. 0.618 Fib and left shoulder broken over. There was a gap closed yesterday. Long till it test the previous high.
What I see is that you can long based on Two Lines Broken, but the risk is the 3rd line still not closely broken above 48.51. A relative safe strategy is : long at 47.46 if possible or even lower, short at 48.51 when risk is acummulated around 48.51~49.42. However we have stop loss if strategy tested wrong.
Ready to retest 46 next week. Pay attention to the close on next Friday. The key gap between 47.75 and 48.46 decides all.
Actually, Once we close below 49.56 today, TBL2 will be broken. But sometimes you just can't see the move in the chart on May 30th. Meanwhile we see a lot of trend edge converge recentl, so big move may happen. What's more, the Green Light yesterday finally became a close above the Gap between 5.27 and 5.30. That's supporting for bulls, and little bears may be...
Long CL1! for daily and weekly TBL trend up. No reversal signal yet. NOT a time for short still. Don't play the game of who can catch the hat first. This way of trading will make you lose more.
A key moment to decide up or down, watch out for today's close position.
Guys, this is what happend in the last 20 days. Combineds with weekly and daily TBl signal, there many times when we can avoid making more mistakes. So, be friend with the trend.
Weekly Trend : TBL Up Daily Trend : TBL Up Entry : 1270 ==> 30% 1257 ==> 30%