around 63.00 in anticipation of my setup (wish) playing out. So as you can see where at a red 9 on TD seq on the weekly. Also a red 9 on the 3 day chart. Feeling the way I did about the potential price flip, I used the daily and 12H to judge the bottom was in and start scaling in. I think $73.00 might be a bit of resistence, but I'm thinking with the daily and 3D Stochs turning up we may get some momentum to help break through. I am still concerned with RSI still being in the bears control and under the 3D MA. However, it is turning up on the 3D RSI & sell volume is falling off, so I'm still feeling good about this setting up but only time will tell.
This 3D candle still has another day before closing.If it fails and we turn back to the downside at least I have $63.00 to fall back on. For now and until the potential price flip, I think we might come back down and retest $67.00 before moving up and testing $73.00
Trade active:
Guess I should post some potential targets. 1st target is $73.00 maybe within a week and 2nd is $85.00. This is my idea at least. We'll see how it goes.
Btw, thank you to those that liked my ideas. I really appreciate it. Seriously thanks.
Btw, thank you to those that liked my ideas. I really appreciate it. Seriously thanks.
Trade active:
Lets get the depressing part of the TA outta the way...so
on the weekly, so far printing a doji. Prices hit a high of 72.25. 0.75 from the $73 target for this week. I was hoping to print a green HA candle but got a red 1. Normal Japanese candles also printed a red doji but it is a red 5. Indicating the move has a bit left potentially, but these recent moves up have promise.
We have weekly rsi under the MA and has crossed under the midpoint and to add to that RSI is flirting with the bears control zone.Looks to be testing it now.
Weekly stochs is also pointed down and has entered into the oversold critical zone with a 10.00
Could be another 3 weeks before it turns up.
Moving to the 3 day which is what I'm going to trade off.
I have added to my current long position that started buying (small) at 63.00. Added little more at 65.00 and today at 70.00.
This one is going to take some time to play out and I'm shooting for 83.00 so about 20.00 per LTC profit.
Looking at the 3D chart, been consolidating the last 4 candles. We got our green 1 with TD sequential. Green 2 with traditional Japanese candles. Nice move up with this current and I'm hoping to see it close then open over 70.50-71.00 and then 73.00. I think this 70-75.00 area is going to take a lot to get chewed through.
So anyways,
3 day RSI is pointed up, however is still in the bears control zone. Its trying to crossover the MA, but it is still behind the mid-point. Good signs of accumulation.
On a good note, 3 day stochs has crossed to the upside. It is still in the critical zone with a 13 so could consolidate here for a bit more.
Sell volume is falling off and buying volume is increasing, but still is quite a bit below average.
Lower time frames are looking good to me. Good enough to press on.
on the weekly, so far printing a doji. Prices hit a high of 72.25. 0.75 from the $73 target for this week. I was hoping to print a green HA candle but got a red 1. Normal Japanese candles also printed a red doji but it is a red 5. Indicating the move has a bit left potentially, but these recent moves up have promise.
We have weekly rsi under the MA and has crossed under the midpoint and to add to that RSI is flirting with the bears control zone.Looks to be testing it now.
Weekly stochs is also pointed down and has entered into the oversold critical zone with a 10.00
Could be another 3 weeks before it turns up.
Moving to the 3 day which is what I'm going to trade off.
I have added to my current long position that started buying (small) at 63.00. Added little more at 65.00 and today at 70.00.
This one is going to take some time to play out and I'm shooting for 83.00 so about 20.00 per LTC profit.
Looking at the 3D chart, been consolidating the last 4 candles. We got our green 1 with TD sequential. Green 2 with traditional Japanese candles. Nice move up with this current and I'm hoping to see it close then open over 70.50-71.00 and then 73.00. I think this 70-75.00 area is going to take a lot to get chewed through.
So anyways,
3 day RSI is pointed up, however is still in the bears control zone. Its trying to crossover the MA, but it is still behind the mid-point. Good signs of accumulation.
On a good note, 3 day stochs has crossed to the upside. It is still in the critical zone with a 13 so could consolidate here for a bit more.
Sell volume is falling off and buying volume is increasing, but still is quite a bit below average.
Lower time frames are looking good to me. Good enough to press on.
Comment:
Here we go. $79.00