Many bullish signals aligning here in augur: oversold Stochastic, MacD to cross soon, TD sequential indicator could be about to make a 9 and we are nearing the bottom of the support of this channel which, if you were to scroll out on the graph, is confirmed by numerous touches.
There is also a fractal pattern that seems to be repeating itself on the lower time frames. I expect the candles to follow some iteration of this and slope down as you see from the chart below.
If you study charts long enough they tell you things, they drop hints, they speak to you. This chart tells me we are about to take a W. Buy and sell zones are in green and red respectively. This one looks to be quick and easy.
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There is also a fractal pattern that seems to be repeating itself on the lower time frames. I expect the candles to follow some iteration of this and slope down as you see from the chart below.
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Comment:
buy zone was hit hold tight through today as we most likely keep slowly consolidating as sunday does see less volume and volatility. If we were to reach the target, I would expect it to be early this week. If you were to put a stop loss slightly below the bottom of the buy zone would be fitting, just make sure its far enough not to get liquidated on a wick.
Comment:
I wouldn't buy just yet as we may be trading to the lower support I failed to identify earllier but if we do hit that lower support the profits will be even higher when we rise, just increases the time frame on the trade.
