Dear traders,
great place for our buy order! I am afraid because this is so obvious, too many confirmations that the price is going up that it is weird. Maybe we will have to increase our STOP LOSS orders to avoid "stop cleaning" that brokers often do (move the price on purpose to close much more buy orders they can and then price go in right direction).
Reasons for this long positions are:
1. very strong trend line confirmation on daily chart
2. strong resistance on 7240
3. XABCD harmonic BAT PATTERN prntscr.com/iy5brv
4. indicators confirmation (RSI in oversold, Stochastic crossing over below minimum)
Wish you a successful trade!
Nikola
great place for our buy order! I am afraid because this is so obvious, too many confirmations that the price is going up that it is weird. Maybe we will have to increase our STOP LOSS orders to avoid "stop cleaning" that brokers often do (move the price on purpose to close much more buy orders they can and then price go in right direction).
Reasons for this long positions are:
1. very strong trend line confirmation on daily chart
2. strong resistance on 7240
3. XABCD harmonic BAT PATTERN prntscr.com/iy5brv
4. indicators confirmation (RSI in oversold, Stochastic crossing over below minimum)
Wish you a successful trade!
Nikola