Higher probability of breaking towards the upside.
Potential First Target: $8260
Retracement: $8200
Second Leg Up: $8454 to $8530
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
More Power To All Your Trades,
Ron (The Intrepid Trader)
Potential First Target: $8260
Retracement: $8200
Second Leg Up: $8454 to $8530
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
More Power To All Your Trades,
Ron (The Intrepid Trader)
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Price movement to the upside. Have you placed your stop loss?
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Bullish Divergence
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Morning Star
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There's still the probability of price dipping with Stoch RSI at Level 83 although RSI is at Level 38 and there's a lot of room to go up from there. The daily chart looks bearish.
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Daily Chart looking bearish. Support line must hold to expect price reversal.
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Never put your guard down, never be complacent especially when it seems that price is going your way.
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Where's the volume?
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Yesterday's volume indicated no more buyers were coming in to push the price up and the bears jumped in and took their meat!
Today, the bulls have again the chance to try to win this battle. But how many buyers are out there to jump and get in the game. We'll see.
Today, the bulls have again the chance to try to win this battle. But how many buyers are out there to jump and get in the game. We'll see.
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Target reached. Woohoo! Yeah!
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Retracement price hit @ $8200!
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Pullback, continuation and correction...
