Well, things look pretty bullish:
I'm long.
- We broke the inverse H&S line
- We broke the steepest downtrend line
- We broke daily 200EMA
- Daily MACD crossed up (a few days ago)
- Daily MACD has formed a long term bullish divergence since December
- RSI broke up (a few days ago)
I'm long.
- Entry: 8800
- Target 12400 (1D cloud, low volume node, horizontal resistance / previous break down point)
- Original stop was 8300 for a 7:1 risk/reward ratio. Now moved up to BE.
Comment:
Target updated to 12150 after further consideration.
Comment:
Trade still active. Waiting patiently for target.
Trade closed: stop reached:
Stopped out of my long for a good profit, but licking my wounds a bit from not having taking some profit in the 11000s.