My last post was to go short and if you closed out your short before this guy showed up (monster green candle), then you would have profited well. This huge bullish candle penetrates both ends of the bollinger bands, and it was followed by a confirmation green candle. The confirmation candle is weak and has decreasing volume. I expect the bears to show their presence here in the next few candles to bring us back closer to the EMA.
Since we had the monster green candle creating two green candles closing above the EMA I'm comfortable in a long position.
Position long. Stops at 228.
Since we had the monster green candle creating two green candles closing above the EMA I'm comfortable in a long position.
Position long. Stops at 228.