Her is what will happen in 2 weeks. in the circle
1- The price will fall to enter the circle and will be tested on 100 EMA line.
2- The Trendline (yellow) and the 100 EMA will meet.
3- The price has to break the lower BB and get out of the BB.
**
The day all three above accomplished, get out of short and Reverse your positions (GO LONG), it will be a very nice ride north.
1- The price will fall to enter the circle and will be tested on 100 EMA line.
2- The Trendline (yellow) and the 100 EMA will meet.
3- The price has to break the lower BB and get out of the BB.
**
The day all three above accomplished, get out of short and Reverse your positions (GO LONG), it will be a very nice ride north.
Comment:
time to start fine tuning: On 4H, it is forming a nice Bullish Pennant. if the pennant broken from the top, The safest ride is after reversing on top of the resistance line of touching the pennant line from the top
