The 6.90-7.00 support has been going really strong. Personally I wont worry if it falls down a little further as i dnt see it going below 6.80$. Worst case to 6.20$.
Key points I am looking since a couple of days-
1) creating a nice cup
2) The cup creation is after breaking (getting out of the downtrend)
3) no loss of volume
4) decent rsi for upward trend
5) Ichimoku indicating a good buy point
6) and crossover of 50EMA and 200 EMA (Last time this happened, ACB went from 6$ to 11$)
Key points I am looking since a couple of days-
1) creating a nice cup
2) The cup creation is after breaking (getting out of the downtrend)
3) no loss of volume
4) decent rsi for upward trend
5) Ichimoku indicating a good buy point
6) and crossover of 50EMA and 200 EMA (Last time this happened, ACB went from 6$ to 11$)
Trade closed: target reached:
Target hit. Looking for next entry soon