Long
Sky to the Sky
Looking for a pullback to green buy zone
Reasoning:
1. Bearish on smaller time frames
2. Long wicks forming
3. Rsi touching oversold
Reasons for bounce:
1. Ema's will act as support
2. .5 and .618 fib zone as support (not shown to reduce clutter)
More reasons for bearish indicate a pullback. Once price pulls back we re-analyze to confirm uptrend
Stop loss will be determined once pull back occurs or if it does.
Reasoning:
1. Bearish on smaller time frames
2. Long wicks forming
3. Rsi touching oversold
Reasons for bounce:
1. Ema's will act as support
2. .5 and .618 fib zone as support (not shown to reduce clutter)
More reasons for bearish indicate a pullback. Once price pulls back we re-analyze to confirm uptrend
Stop loss will be determined once pull back occurs or if it does.
Note
Looking at a 30 min chart. Possibly the last attempt up before we break down to our buy zoneNote
Sky ended up breaking through the 200 ema. Was away from my computer so I didn't catch it. Let's see if we reach our sell target. (I am not in a position)Note
Couldn't maintain. Let's hope it falls in our buy zone now, same resistance as beforeNote
Buy orders filled. Consider taking profit due to the current volatility
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.