Pros:
* FI and MACD going up when prices is dropping
* Doji reversal that gapped up
* RSI at 31
Cons:
Taking a little bit more risk by buying above doji high instead of waiting for confirmation.
Overall Trade Grade: 83% (10/12)
Uptrend: 1/2
MACD: 2/2
Force Index: 2/2
RSI: 2/2
Reversal candle: 1/2
Entry timing: 2/2
* FI and MACD going up when prices is dropping
* Doji reversal that gapped up
* RSI at 31
Cons:
Taking a little bit more risk by buying above doji high instead of waiting for confirmation.
Overall Trade Grade: 83% (10/12)
Uptrend: 1/2
MACD: 2/2
Force Index: 2/2
RSI: 2/2
Reversal candle: 1/2
Entry timing: 2/2
- MACD and Fi still ticking up
- Volume still looking healthy
Bad signs:
- Rally is showing alot of resistance on every attempt for 3 days straight with doji like candle. Shows significant pressure from bear. Most likely from people who lost money buying at the peak right before the crash.
Overall:
Still looking good in my opinion. Continue the Long ride.