I'm long since 44 and keeping my long because of the hammer in the 2H chart. This hammer is exactly at channel support and this is a very powerfull support.
The channel and wick on the candle show the same pattern as the start of the uptrend, or whatever you might call it. The monthly hammer shows me that this is a change of trend. So far this low couldn't be violated.
At least I will keep this long untill 50 with a SL at break even. From there it might trigger a double top with bearish divergence.
The channel and wick on the candle show the same pattern as the start of the uptrend, or whatever you might call it. The monthly hammer shows me that this is a change of trend. So far this low couldn't be violated.
At least I will keep this long untill 50 with a SL at break even. From there it might trigger a double top with bearish divergence.
