Hello Friends,
Our last call on ADX was spot on. You can call it as "I nailed it"
I have mentioned that ADX would reach 8000 SATs and bounce back considering the volume studies, Yes. ADX touched 8000 SATs and now it is trading at 9500 SATs (~20%.)
Now, the price is forming a CUP formation, interesting setup and Price is within the triangle formation. So my trade would be
Buy now (9300-9400 SATs) and Target: 16000 SATs, (70%), Sl : Below : 8000 SATs (20%)
Note: Resistance levels are marked as dotted lines, in which I would sell and Buyback at the lower levels.
And Note: My current trade is range bound, Lower side of the triangle to Upper side of the Triangle. Once it breaks the Triangle, the targets would change and it is going to be massive returns.
Our last call on ADX was spot on. You can call it as "I nailed it"
I have mentioned that ADX would reach 8000 SATs and bounce back considering the volume studies, Yes. ADX touched 8000 SATs and now it is trading at 9500 SATs (~20%.)
Now, the price is forming a CUP formation, interesting setup and Price is within the triangle formation. So my trade would be
Buy now (9300-9400 SATs) and Target: 16000 SATs, (70%), Sl : Below : 8000 SATs (20%)
Note: Resistance levels are marked as dotted lines, in which I would sell and Buyback at the lower levels.
And Note: My current trade is range bound, Lower side of the triangle to Upper side of the Triangle. Once it breaks the Triangle, the targets would change and it is going to be massive returns.
Comment:
Patience friends sometimes, it forms/takes its own time.
Trade closed: target reached:
Target Hit. Now, it will go on consolidation mode before next move.
