I am looking at the marked important levels. The bulls tried to take the price above, but the look wicks indicate some indecision
and inability to move the price further. RSI
is already in the overbought
territory, looking for some drop there. Also, I see the formation of an ascending triangle
, if it plays out, will take the price to our target levels. If the price reaches these levels, I'll take the trade.
*Everything is marked on the chart-- Swing points, trend lines
can be used for trading along with some momentum indicators.
Try to look out for a confluence of these parameters, don't trade solely using any one of these parameters.
P.S: This is NOT investment advice. This char is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.