5 jan. 2019 Analysis on the Hourly: Here we can see a shooting star formed with high volume, this indicates that a lot of selling was done at this point. If we watch the rsi closely, it formed a double top, which indicates going down. Now there's two possibilities: 1) Either it keeps going up and touches 652-655 (Fibonacci cluster) , 2) Or we have a short-term correction to the 570-575. If 2) occurs, we need to watch that level closely, and find a bullish candle with good volume in order to enter a possible trade to 652-655. Also, keep in mind that in the 4 hour timeframe, if it forms a hanging man, most likely 2) will occur. I will keep updating! If you want to share your ideas , comment down below and like if you enjoyed this analysis.
6 jan. 2019 Kommentera
It did the second possibility and rebounded in the fibonacci cluster as predicted 8 jan. 2019 Trade stängt: målet nått
As told in the analysis, it touched our take profit of 652-655. I will post a new chart if anymore trading opportunities occur.