SimpleJackX

SimpleJackX

3 Reasons: Location: At new lows Momentum: Bullish divergence trying to confirm in MACD. W structure confirmation on OBV n Willy. Structure: W structure confirmed, Entry at confirmation and risk stop against structure low. Profit Objective 2:1 min R/R

SimpleJackX Updated 

3 Reasons: Location: Within new low bottom support. Momentum: W structure confirmed in OBV and Willy. Divergence confirmed in MACD Structure: W structure confirmed, entry at confirmation and risk against structure low.

SimpleJackX

3 Reasons for trade: Location: Right off 0.618 on the Fib retracement, RLZ . Momentum: W structure confirmation in OBV and Willy Structure: W structure trying to confirm, entry at confirmation and risk stop against the structure bottom of W. Profit Objective is a min 2:1 R/R.