Just having a look at Strax, Strat, Stratis and the chart is looking pretty nice. Most of my "3 Reasons For a Trade" are here
We have Location: Price right at the bottom of original support
Indicator confirmation: So we have OBV which is pretty bullish and in the positive numbers, people are accumulating. Seeing HL in the histogram and bullish divs working. RSI is kind of no where but when you look at the history of the RSI on Strax you can see its actually never gone into over sold. Its still creating HL while price is making LL. Willy is stupidly over sold and thats exactly where i want it when im looking to take nibbles. Price is trading at the POC and all I need now is a W in price.
Long story short, to me this is nibble worthy and I will be risking to the lows.
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We have Location: Price right at the bottom of original support
Indicator confirmation: So we have OBV which is pretty bullish and in the positive numbers, people are accumulating. Seeing HL in the histogram and bullish divs working. RSI is kind of no where but when you look at the history of the RSI on Strax you can see its actually never gone into over sold. Its still creating HL while price is making LL. Willy is stupidly over sold and thats exactly where i want it when im looking to take nibbles. Price is trading at the POC and all I need now is a W in price.
Long story short, to me this is nibble worthy and I will be risking to the lows.
Please leave a like, comment or consider subscribing for more technical analysis :)