Technical Analysis
Figure 1
1) Bollinger Band squeezed and formed a pipe-like structure.
2) Breakout of the upper band.
3) RSI > 6
4) MACD Bullish Crossover and histogram gives the buy signal.
Figure 2
We use Exponential Moving Averages of 20, 50, 100 and 200 periods.
- The averages are expanded.
- The price is testing its 100ema
- The overall structure...
First target 260 and second target 280.
3 Parameter Strategy
1. Bollinger bands are squeezed and breakout of upper band
2. RSI is above 60
3. Macd is a bullish crossover
Trade Setup
Enter near the close of the signal candle.
First Target 260
Second Target 280
