We can see the 4 section where price moved for the past days. By considering the POWER of the each stage, we can say that price felt down to the point of the next stage. And power of bears are gone for a while, BULLS TIME.
Why long? heh
1) Range of the stage are completed ( Volume reached it's pick)
2) Supported by EMA
3) Rsi in oversold stage.
Expecting Price to reach the NECK of the Double Top Pattern that formed recently.
P.S. Price Action will tell us what to do. ;P
Cheers folks
Why long? heh
1) Range of the stage are completed ( Volume reached it's pick)
2) Supported by EMA
3) Rsi in oversold stage.
Expecting Price to reach the NECK of the Double Top Pattern that formed recently.
P.S. Price Action will tell us what to do. ;P
Cheers folks
