Indicator of when to go long!

So in my analysis I am predicting a cup and handle formation on the 4H, once we see the price break past the resistance line you will start seeing a nice breakout. If we go below the red lines we might be heading back towards 9800-9900 range which would suck,
10k is looking super strong right now though so prepare for what comes next.

Look for price action to back-up your choice, looking at the RSI we can also see that it has not yet been overbought so there is still room for pump.
On the lower timeframe, we are going straight sideways, this is the consolidation period before we possibly re-dip to finish the handle on the pattern.

Good luck!

ความคิดเห็น:

Stand by and enter long at one of the green arrows