DODO - Bullish above 5.5

13 Nis 2021

DODOBUSD - Getting ready to go higher.

A break out of this pennant and above 5.5 should get things going here.

If price closes below support, we'll have to wait and look for a new setup.

14 Nis 2021

Not

DODOBUSD - I'm closing my position at my entry point as it seems we actually have an impulsive wave finishing here.

This could be a wave C or a smaller degree wave (i) but since I don't know at this point I rather close the position and protect myself in case it makes a sharp drop once this diagonal wave V ends.

If it keeps on going higher though, I won't regret, will then just have to look for a new entry point with minimal risk.