SETUP: Overextension + touch of POC consolidation | Daily chart
Price is now encounting resistance AT THIS VERY MOMENT and will likely start going down from here.
There is a big consolidation from late 2018 that price has not reacted to yet.
Easily 3.5RR potential.
You can see the RSI is converging very well from the 4h chart:
There is a big consolidation from late 2018 that price has not reacted to yet.
Easily 3.5RR potential.
You can see the RSI is converging very well from the 4h chart:
Not
Clear downward RSI trendline on the 15min chart:Not
It is looking good for a second entry (4.45RR):Not
I found a nasty Fib spiral that could push price higher:Not
I am hedging this position because there is too much indecisions right now, but I think the last consolidation was an accumulation and is now breaking up. In fact, here is a small 4.8RR scalp that I'm in right now on the 5min chart:
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.