However, I almost closed today, because:
- Yesterday’s inverted hammer in the daily could indicate a reversal and start of bullish pressure.
- Also the stochastic in the daily showed yesterday 0.72 (Apr 11), another signal of reversal
- Upward Gap was likely to be filled
But I watched and decided to be patient, because:
- I believe the triple top pattern in the daily is not yet completed
- Today’s daily candle shows a long wick - bull exhaustion?
- I see a possible H&S pattern forming in the hourly, 30 and the 15 min charts.
- Also again a descending triangle in the 30 min
- and finally it is important to stick to the plan - something I need to work on.
I’m a newbie. Try and error and just guess work. Maybe I‘m wrong. No financial advice!
