I am watching this hourly Tenkan-sen (Conversion Line in orange) if we bounce off of here properly I will be opening a short term leverage long with a take profit at the Kijun-sen (Base Line in pink). Momentum indicators and volume show me the inputs I need to see for a short term bounce.
If we do not hold then I will use the downward break of the Tenkan-sen as my confirmation for a short down to hidden support at around 12,500 (depending on the exchange)
This is a small time frame trade that I wait for confirmation on so if you are new to day trading I suggest you look away now. :wink: Otherwise I am waiting on confirmation from volume to open a long term money crushing long on our road to 32k. We are not quite there yet, we need a bit more accumulating and sideways action.