STRAT new cycle ahead ?

Description

⋅ Jul 16, 2018 10:50 AM

strat bottomed out ? first we need to see some volume coming back and a breakout of the downtrend. Maybe new cycle ahead of us.

Comment

⋅ Jul 18, 2018 7:15 AM

testing downtrend resistance and W top. If we break this i will open a position and see if its worth it. Currently not trading this.

Comment

⋅ Jul 20, 2018 7:03 AM

No breakout. Full retrace. Probably forming a Spring or even worse. Thats why you dont enter a position until breakout confirmation.

Comment

⋅ Jul 21, 2018 9:20 AM

Support holding strong for now. Giving more hope to hold. Just wait and see what happens.

Comments

devilninja777

⋅ Jul 21, 2018 5:35 AM

So sell?

casrules

⋅ Jul 21, 2018 7:28 AM

@devilninja777, Depends.. i think in 2-3 month the price is way higher so if you looking to invest long term this is a good price right now. but you could get a better entry thats why I have no position yet and just watching what will happen. If you trade short term just put stops below current support zone and let the market decide. Hope this helps.