


bat_catcher
We're still overbought - Slow Stochastic indicating a further sell-off more likely, but who knows in these crazy times how the market might react. Set play outside of range for buy/sell.
Targetting recent daily low.
A drop might hit recent resistance.
Targetting major support on daily.
Looking to target next major support on daily chart.
Two approaches. First short targets recent support. Second short targets longer-term support.
Looks for a break below support. Targets recent support. Possibly as far as major support.
Based on two recent resistance areas. Large risk to reward ratio if we fall as far back as major support and still good even if we reach minor support (target).
Bounced off recent resistance, but only as far as current trend line (so far at least). But stops can be super tight, so low risk (gamble).
Look to buy above recent resistance - longs target major support/resistance on daily. Look to sell below recent support - shorts target major support/resistance on daily.
Look to buy above recent resistance - longs target major support/resistance on daily. Look to sell below recent support - shorts target major support/resistance on daily.
Might be a good opportunity for a long. Overall trend bullish.