Positives:
- After the impulse, did a perfect retrace to the 0.5 fib and found support.
- Gave a buy signal earlier in March when the 200MA held.
- Seems to be finding support above the 50MA at the moment.
What to wait for/when buy:
- Breaking above the daily cloud.
- Retesting the blue upward trendline and reacting positively.
When invalidated (for now):
- If doesnt manage to break/stay above the daily cloud.
- And/or if the blue trendline gets broken.
- After the impulse, did a perfect retrace to the 0.5 fib and found support.
- Gave a buy signal earlier in March when the 200MA held.
- Seems to be finding support above the 50MA at the moment.
What to wait for/when buy:
- Breaking above the daily cloud.
- Retesting the blue upward trendline and reacting positively.
When invalidated (for now):
- If doesnt manage to break/stay above the daily cloud.
- And/or if the blue trendline gets broken.