We want to retry the trade few hours ago that didnt happen due to Pelosi mini pump
Rising wedge support trendline on 4HR with top resistance at about 1900. Could give us 15-20% trade.
Test of trendline
+
0.5 Fibs
+
Consolidation sideways- expected
+
4HR RSI support trendline test
Bulls looking to maintain D higher lows uptrend.
We are wrong if we breakdown the trendline with volume and continue lower. Likely to retest 1400 levels
So if we get in (scale in), put a stoploss and take the profits on the way up for protection.
Plan for the unexpected. Plan for being wrong.
Rising wedge support trendline on 4HR with top resistance at about 1900. Could give us 15-20% trade.
Test of trendline
+
0.5 Fibs
+
Consolidation sideways- expected
+
4HR RSI support trendline test
Bulls looking to maintain D higher lows uptrend.
We are wrong if we breakdown the trendline with volume and continue lower. Likely to retest 1400 levels
So if we get in (scale in), put a stoploss and take the profits on the way up for protection.
Plan for the unexpected. Plan for being wrong.
Stop loss in
