I’m waiting for that big green candle to come like it did in history!
If you take a look at the chart then you can see that historically every time we touched horizontal resistance we got a huge reaction with big green candles. This happened 3 times in the past and we now touched this support zone for the 4TH time.
What else we can see on the chart is that every time we reached the RSI at around 38 we bounced magnificent and once we broke the RSI at 50 we saw that massive run! If we take a look at where we are now at RSI levels then you see that we are curling up and we are testing that 50 zone. At the same time price action is testing horizontal resistance and if you look further if we break resistance then there isn’t much resistance. And there my friends I think the real run will start.
So we need to break the 50 RSI level + Horizontal resistance!
For every new follower I will add a new idea :)
If you take a look at the chart then you can see that historically every time we touched horizontal resistance we got a huge reaction with big green candles. This happened 3 times in the past and we now touched this support zone for the 4TH time.
What else we can see on the chart is that every time we reached the RSI at around 38 we bounced magnificent and once we broke the RSI at 50 we saw that massive run! If we take a look at where we are now at RSI levels then you see that we are curling up and we are testing that 50 zone. At the same time price action is testing horizontal resistance and if you look further if we break resistance then there isn’t much resistance. And there my friends I think the real run will start.
So we need to break the 50 RSI level + Horizontal resistance!
For every new follower I will add a new idea :)
Note
small mistake in text : horizontal resistance = horizontal support ofcourse :D
CHECK IT OUT 😎
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youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
twitter.com/TheChartingArt
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youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
twitter.com/TheChartingArt
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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.