What I see...
+ 10ma is crossing above 50ma
+ Hammer with long shadow finding support on the MA cross
+ This setup is a risky reversal gamble!!
+ MACD is above signal line, but still in bearish territory
+ Bearish engulf bar was at normal vol. while the bars prior and after are of high volume
- Bearish engulfing on -2d
- Down trend
- Bollinger is wide
- RSI is pointing south
- MACD is also in bearish territory
What I setup...
+ Long entry above -2d Open
- Stop underneath the Hammer
+ Target at 61
:: Duration - 5 to 10 sessions
** Comments and Likes are appreciated; New Subscribers are OMNI! **
+ 10ma is crossing above 50ma
+ Hammer with long shadow finding support on the MA cross
+ This setup is a risky reversal gamble!!
+ MACD is above signal line, but still in bearish territory
+ Bearish engulf bar was at normal vol. while the bars prior and after are of high volume
- Bearish engulfing on -2d
- Down trend
- Bollinger is wide
- RSI is pointing south
- MACD is also in bearish territory
What I setup...
+ Long entry above -2d Open
- Stop underneath the Hammer
+ Target at 61
:: Duration - 5 to 10 sessions
** Comments and Likes are appreciated; New Subscribers are OMNI! **
Trade active:
Setup trigger; Long position
Trade closed: target reached:
Target reached today.