ABC_Long on retracement after breakup

Wkly:
RS < 0; FFI > 0
MACD Bullish
Stoch D% + K% > 70
RSI > 50
Weekly form long tail pin bar at last Resistance-turn-Support
Daily:
RS + FFI > 0
MACD Bearish
Stoch D% + K% < 50
RSI > 50
Daily candle close w/ higher than avg. vol above last down candle Open
Only concern is the bearish MACD

Entry: $3.70
SL: $3.60
TP1: $3.87
TP2: $4.20

Yorum:

Hit SL @ $3.60; retailers wiped