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Short Term Trading Weekend Lounge: 7 -9 Apr, page-41

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onetricky

14,633 Posts.

944

07/04/17

19:05

Post #: 23945079
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Originally posted by specgoldbug ↑

Jayza,

Just need to add some more TA in there as you are a few indicators short

Daily- Significant MACD bullish cross...RSI still very healthy....daily candle bearish however broke the wedge structure and plenty of support coming in at 2c (previous resistance) - plenty of absorption in that bar

View attachment 539370

Hourly- Bearish MACD cross however this means little in as the overall daily theme is bullish. Broke through Ichumoku cloud and often it back tests this break before resuming north- hence why a lot of reloading was occurring at 2c (the optimum buying zone for those that missed the first move)

View attachment 539382

And below my original chart where you can see the structure and 2c being the break zone....So one would want 2c to hold to confirm the break and then we are on a ST bull for sure

View attachment 539394

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agree with you there, nae 2c now showing as support, just hit a bit of short term resistance/supply today.

Last edited by onetricky: 07/04/17
6 Upvote

0 Great analysis

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