I'm still very new to analysis and not yet actively trading. Just getting practice making calls to see if I'm right. Feedback welcome! I'd love to hear some tips and tricks from more seasoned traders and what you think of my analysis. Am I too short-sighted? What do you see that I'm missing?
Yesterday I posted a falling wedge forming (see related ideas). Today the wedge looks steeper than I original speculated. It still looks like a wedge to me. I still have a feeling we're going to see a breakout soon.
The state of the RSI falling below 30 four times recently leads me to believe this trend can't continue at this pace and that we'll swing back up with some buying power today with a breakout from the wedge. Perhaps to the 50% fib at least, maybe finding support there.
Yesterday I posted a falling wedge forming (see related ideas). Today the wedge looks steeper than I original speculated. It still looks like a wedge to me. I still have a feeling we're going to see a breakout soon.
The state of the RSI falling below 30 four times recently leads me to believe this trend can't continue at this pace and that we'll swing back up with some buying power today with a breakout from the wedge. Perhaps to the 50% fib at least, maybe finding support there.
Bình luận:
Hey look at that! We got a little upward movement. Cloud is still showing bearish but we did get a TK cross. Do you think we'll break through the top of the cloud today?
Bình luận:
Looks like we've broke through, but will it last?
Looking back over the past few weeks with the channel on this chart, I think it's looking good to recovery back up to the 17000s over the next 5-7 days.
Looking back over the past few weeks with the channel on this chart, I think it's looking good to recovery back up to the 17000s over the next 5-7 days.
Bình luận:
I'd say we're confidently through the cloud! Onward to the 50% fib at $15100 for some support, and then hopefully up into the high 17000s in the next week.
Bình luận:
I guess we're not out of the woods yet.
Do you agree?