I made some correction to the 1D chart on smaller time frame (4h).
Bottom of the bullish pennant is verified 3 times with the last one being just at appropriate Fibb level pull back. Upper part of pennant has been verified 2 times already which tells me that breakout might be coming soon. I am still expecting another pull back at latest from the lowest red arrow mark to establish higher high and than higher low by small pull back down to blue circle to establish also higher low and bottom of the channel--> making equilibrium. In the worst case scenario we could re-test the 78.60% Fib level so somewhere between Blue circle and Fib should be buy zone after appropriate bounce. Another entry which is more safe is to wait for the price to go out of the bullish pennant and closes outside of it to establish higher low.
Divergence has been spoted also on MACD (orange lines), RSI EMA is moving upwards. Soon we will be ready to go so fasten your sitbelts
1st is a good buy also on pull back due to their road map for 1st quarter of 2018. Check description in 1D chart or bellow the price action chart in gray box.
BRG Animus
Bottom of the bullish pennant is verified 3 times with the last one being just at appropriate Fibb level pull back. Upper part of pennant has been verified 2 times already which tells me that breakout might be coming soon. I am still expecting another pull back at latest from the lowest red arrow mark to establish higher high and than higher low by small pull back down to blue circle to establish also higher low and bottom of the channel--> making equilibrium. In the worst case scenario we could re-test the 78.60% Fib level so somewhere between Blue circle and Fib should be buy zone after appropriate bounce. Another entry which is more safe is to wait for the price to go out of the bullish pennant and closes outside of it to establish higher low.
Divergence has been spoted also on MACD (orange lines), RSI EMA is moving upwards. Soon we will be ready to go so fasten your sitbelts
1st is a good buy also on pull back due to their road map for 1st quarter of 2018. Check description in 1D chart or bellow the price action chart in gray box.
BRG Animus
Комментарий:
Pull back initiated, touched the top of the pennant...if we have bounce from the bottom trend channel (black line) and than braking pennant's resistance and making a higher high from previous, we might be ready to go
Also check for related ideas bellow