Trade Idea: Abc Correction after the 5 wavy uptrend Target 1 38% RT Target 2 50% RT Sl above the All time high / resistance
Looks like we have a Mini-Breakout here finally, setting up an IHS on the 4 hour/ daily, MACD crossed up with momentum continuing and RSI 50 line trend being crossed above as well. Looking for some price consolidation from here tomorrow and a bounce off the RSI trend line to let the STOCH cool down a bit. All in all looks like a nice entry should show up tomorrow...
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