Today, price came down but Momentum (14) increased. Volatility has slowed considerably. MA's in correct alignment and Momentum is still positive. There is also a channel which todays price has stopped right on the cusp. It does look likely that the next move is up.
Trade active:
Move the stop to break even. Momentum is up which is a good sign and the volatility has shown a larger than average increase which indicates a lot of interested buyers.
Comment:
Quite a big move down today and it shows on both the momentum and volatility. I have moved my stop to make sure I have all overnight fees covered so it is a proper break even if price drops again tomorrow.
Trade closed: stop reached:
Predicted the move up so happy with that and covered expected drop.