Watching ALGO

21 พ.ค. 2022

Looking at the chart on this 4hr timeframe, I'm seeing what could be a possible W pattern forming. I'm waiting for a break above the local resistance. To place a long. If this break fails I have an short target once support is broken. The support has been tested at least three times. The more test, the weaker it becomes. So it's a wait and see for me. I'll be using a stops near each support that is crossed because indecision is in these areas, as well as accumulation. I'm also using ema crosses to confirm my entries. Watching momentum using STOCH. Basically keeping the charts as clean as I can and watching price action.