On the above 3-day chart price action has corrected over 80% since last May. A number of reasons now exist to be long, including:
1) A buy signal has printed.
2) Price action and RSI resistance have broken out.
3) Price action is now testing the golden ratio following breakout.
4) Stochastic RSI crosses up 20 on 2-week chart (below). Do not ignore! This version of the Stochastic RSI function I’ve specifically coded to indicate the green shaded area during extreme oversold conditions. It does not always trigger.
Is it possible for price action to fall further? For sure.
Is it probable? Very unlikely.
Good luck!
Ww
Type: Trade
Risk: <=6% of portfolio
Timeframe: 1-3 months
Return: 500% minimum
2-week chart
1) A buy signal has printed.
2) Price action and RSI resistance have broken out.
3) Price action is now testing the golden ratio following breakout.
4) Stochastic RSI crosses up 20 on 2-week chart (below). Do not ignore! This version of the Stochastic RSI function I’ve specifically coded to indicate the green shaded area during extreme oversold conditions. It does not always trigger.
Is it possible for price action to fall further? For sure.
Is it probable? Very unlikely.
Good luck!
Ww
Type: Trade
Risk: <=6% of portfolio
Timeframe: 1-3 months
Return: 500% minimum
2-week chart
交易進行
8 oscillators printing bullish divergence following the 'incredible buy' signal, perfect.交易進行
history repeating - daily chart below
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。