DIDNT DO MUCH ANALYSIS ON THIS BUT IM ONLY GONNA RISK 1% SO WHY NOT. Like my risk to reward ratio. Ehh fine if im wrong
This depends if the bear flag is successful or not. i am looking to go long where there is clear support where I marked the buy zone. The 4 hr RSI is already low and there will most likely be bullish divergence with the OBV. This is just to keep records of my reasoning as to why I'm entering a trade and later see where I can improve. -CL7 (newbie trader)
Quick summary: Bullish divergence and green doji candle on the 4hr. Small risk so might as well take it. -CL7 (NEWBIE TRADER)