Anticipating a drop into the green box as a greedy entry point, perhaps on the back of a "sell the news" earnings report which is coming up. Bullish for this year with a belief that a local bottom has been put in for the time being.
Reasoning for the trade:
1D chart:
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
Reasoning for the trade:
- Location: Reload zone within a reload zone (0.786 line up)
- Structure: Triple bottom formed, followed by a volume breakout.
- Trend: Break of a 5 touch trend
- Impending golden cross on the 1D chart
- Cheeky weekly gap
1D chart:
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
My bullish sentiment remains, but I now need to revise my strategy for playing this chart given the gap has now closed. Let's see how this resolves in the next few days/weeks. ORE remains high on the watch list.