I think we are done here with the pullback. Today morning I was hoping that we drop down to the 50 EMA.
Didn't happen though. It wants to turn from the 10 EMA.
Today we also tagged and breaking through the upper trendline of the flag.
Indicators
SlowStoch is crossing over again and heading upper. It's already overbought but in the 1st daily cycle it can be overbought for a long time.
RSI - this is important - we are turning up from the 50 level.
MACD - above 0 level. Looks good to me.
The only thing I don't like: today's volume. It should be higher. Tomorrow I would like to see a big volume green candle. That would be our "long insurance".
We are going to top in this daily cycle in 12-14 days from now. So I think this is the last entry point in this daily cycle to catch some money of the rally. The next entry point will be only the daily cycle low.
So all who wants to enter this is the point . It is a gift. Take it.
Didn't happen though. It wants to turn from the 10 EMA.
Today we also tagged and breaking through the upper trendline of the flag.
Indicators
SlowStoch is crossing over again and heading upper. It's already overbought but in the 1st daily cycle it can be overbought for a long time.
RSI - this is important - we are turning up from the 50 level.
MACD - above 0 level. Looks good to me.
The only thing I don't like: today's volume. It should be higher. Tomorrow I would like to see a big volume green candle. That would be our "long insurance".
We are going to top in this daily cycle in 12-14 days from now. So I think this is the last entry point in this daily cycle to catch some money of the rally. The next entry point will be only the daily cycle low.
So all who wants to enter this is the point . It is a gift. Take it.