Looking at the weekly chart, price is standing at value with a very oversold Force Index. The impulse is still red, but the daily chart shows a possible reversal.
On the daily chart, we have a very strong close after a false breakout below the strong support at 45$. There are two ways of making this trade (with my system of course). Either buy now which is perfectly fine or wait for a green impulse on the daily chart. By the time the daily is going to show a green impulse, the weekly impulse would have turned blue, most probably.
On the daily chart, we have a very strong close after a false breakout below the strong support at 45$. There are two ways of making this trade (with my system of course). Either buy now which is perfectly fine or wait for a green impulse on the daily chart. By the time the daily is going to show a green impulse, the weekly impulse would have turned blue, most probably.
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.
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.