Starting a new wave up to fill the gap?
RSI divergence at the recent low.
Stochastics currently highly oversold, so we could get some retracement first.
Entering now with half the position, the other half with a buy limit at support and close to the 0.618 retracement of the recent up move.
Tight SL, watch it: longterm 'up' trendline below, not tested yet.... Target: close of the gap, close to 1.618 ext of move from the low... Leaving part open just in case...
If this fails, possible new long opportunity at the trendline...
RSI divergence at the recent low.
Stochastics currently highly oversold, so we could get some retracement first.
Entering now with half the position, the other half with a buy limit at support and close to the 0.618 retracement of the recent up move.
Tight SL, watch it: longterm 'up' trendline below, not tested yet.... Target: close of the gap, close to 1.618 ext of move from the low... Leaving part open just in case...
If this fails, possible new long opportunity at the trendline...
Comment:
Looking good..., SL at BE....
Comment:
MA's seem to be holding price down...
No worries, risk has been eliminated!
No worries, risk has been eliminated!
Trade closed: target reached
