MichaelHua

MichaelHua

with favorable indicators favoring a bull confirmation

MichaelHua Updated 

Was the reversal signal based off yesterday's hammer confirmed? On our 1d chart: MACD crossing incoming, potential hitting of our last E Wave mark, low RSI, low MFI, low volume, STOCH RSI near 0.

MichaelHua

Creating another short position here after 6k target reached. 5500 target. Very strong 4h bottom BB band breakout through the tightened squeeze. Breakdown on the 1D chart looks imminent with 5500 lower BB. Confirmation of the breakdown trend shown through low RSI, MFI, and volume levels. 1W outlook: lower BB hits 5100. Also compare also with ichimoku cloud. More...