I don't do numbered targets as all that creates is a mental bias and general BS. Keep it as simple as you can IMO, currently the SP is in a 13 day mini downtrend printing reds and MACD indicating that momentum is still falling further.
Therefore a realistic and potential (your words) entry will present when both the MACD reverses back to the positive and green candles are printing. Don't even try to put a number on it, it will happen when it happens, sit on your hands until it does. IMO
Hourly chart best describes it. You really want to see the left hand side where the candles are dominated by big greens with the yellow 8ema above the 20ema not like the right hand side dominated by reds and the 8ema below the 20ema.
Sorry I couldn't put a number on it but charting doesn't do that, we need to wait until the buy signals are presented.
Cheers.
I don't do numbered targets as all that creates is a mental bias...
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$2.01 |
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