We've had a big spike up, followed by a correction. Now the question is, does the correction end here or further down?
Bulls entering this market, looking to see what occurs. As soon as price continues up a bit i will tighten up my risk in case of a continued pullback further down.
If this trend resumption fails, look for pullback to continue down further before a trend resumption.
Bulls entering this market, looking to see what occurs. As soon as price continues up a bit i will tighten up my risk in case of a continued pullback further down.
If this trend resumption fails, look for pullback to continue down further before a trend resumption.
Kommentera:
Coincides with the fact that we had a strong spike, hence our pullback could be shallow as there's a lot of buying pressure with people wanting to get in. Especially on any discounted price they can with a shallow pullback that won't push down lower.
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Price has been falling in line with the downtrend. Still a potential reversal here for long moves.
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Next 1 hour and 30 minute candle closing bullish is a very decent buy, with the trend!
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15 minute candles closing good so far. Need more follow through and break of trendline.
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1 Hour looking very decent so far. Need more follow through buying.
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Strong Trend. Breakout Mode. Hold!