Anybody please comment: We are forming a nice double bottom that is below a long-time low from 2016. We are in a 4H DT since 18 July 2019 and a 1W DT since 22 Jan 2018. I think it is time to look for a retracement upwards. But I am not seeing a potential trigger for the trade – the RSI and PA trend crosses are ancient history.
Does anybody have any suggestions what to watch for? I suppose if it breaks above the 21 and 78 day EMA’s, that might be useful. What do you think? Any other ideas?
Does anybody have any suggestions what to watch for? I suppose if it breaks above the 21 and 78 day EMA’s, that might be useful. What do you think? Any other ideas?