shortterm bullflag

Mar 1, 2018

consolidating in new price range. could run up to 62-64.

Mar 1, 2018

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price action in kilzone. currently sitting at 553 and its flattening out. Its meeting heavy resistance but also has good support. the next moments will indicate whether we go into a pullback or break above the channel.

Mar 1, 2018

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killzone*

Mar 1, 2018

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broke right through consoldiation at 553, 1 minute graph showing extremely short term consolidation, looking to move higher.

Mar 1, 2018

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Might make retrace to 55, good entry point there.

Mar 1, 2018

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1 minute graph shortterm pullback happening right now. good entry point for those who have the stomach for such volatility ;).

well see if it keeps going lower could be a false breakout

Mar 1, 2018

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looks like pullback it is. well see if 54-55 holds and consolidates this area, we could possibly see 60+

Mar 1, 2018

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sexy bounce on 55. id say 70% chance that price action goes beyond 600k

Mar 1, 2018

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This is what short term consolidation could look like (very probable that this does not happen, its only an estimate).

Watch for strong support holding at the old upper trendline. I adjusted the placement so that it is more accurate.

Mar 1, 2018

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very nice consolidation above the channel now reaching higher. the odds of it reaching 60+ are increased now. This will be my last update for now.

sell targets are 60, 62 and 64. lets see what happens!

Mar 1, 2018

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woke up with stop limit triggered at 54. reinvested into more DGD at 50. if this goes lower I will reinforce this position as im fairly confident it will reach higher.

The short term trade didnt pan out like i had expected, the bullflag breakout ended up being a false positive. No matter, the mid to long term outlook still looks good.