This TA is done based on a request. I have taken a longer time frame chart assuming that the request is based on a longer term investment decision. The weekly chart shows the price action is currently at the all time high & faces resistance in the short term. RSI also shows divergence. This means that interested buying may pause to allow for the price to correct....
hey traders, looking at this correction being complete. the resulting play out should be an impulse to the upside regards, TM
I like the look of BKT here, my trading plan is as follows. My reasoning: Location: Reload zone Structure: Double bottom off the 786 Divergence: Confirmed div in histogram and willy (coming out of stupid). RSI is bullish, looking to cross 50. "W" in OBV about to cross 13EMA. Trend: Break of bearish trend commencing June '19 VPVR: Retracement lining...