Propy resetting stochrsi just in time for golden cross

12 thg 12, 2024

You can see here on the daily chart how propy hit the exact target of this 4hr chart inverse head and shoulders pattern of $1.93 and then instantly corrected and has now corrected enough to reset the daily stochrsi indicator just in time for its golden cross. Having price action be this close to the 50 and 200mas at the time of the cross is almost always a good sign that the cross will be sustained and validated as well. If so once price action climbs above the horizontal brown line and flips it to solidified support then the next target should be 2.76. That target then places us above the green trendline which will lead eventually to another breakout validation with an even bigger breakout target but we will focus more on that one once we get there. For now the focus is on breaking above the brown trendline and sustaining the golden cross. *not financial advice*

17 thg 1

Ghi chú

Propy decided t wanted to do a deeper doble bottom pattern nested which simply gives Byers an opportunity to get n lower and thus eventually have much higher percentage gains than if it had decided to go up from where price action was when this chart was originally posted.