Great coil over past 3 months. More recently the trend of higher lows has tightened. Today, on higher relative volume , it closed higher than it has in a month, and outside of coil I've drawn which shows downward trend of closes. Risk to below the new tighter trendline (.99), reward to 1.25/30 minimum based on width of recent tighter coil. In my opinion, based on how tight this coil has gotten over the last 3 months, big volume could send this to test spot before the gap at 1.49
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Hit target of 1.25 early, but couldn't hold gains. I traded it poorly today, kicking myself for that. Still holding some as it hasn't fallen below $1.
Komentar:
Holding still. It held 1.05 nicely today. Twiggs money flow is showing big green bars which is interesting. I'm no expert on it but maybe something to factor into your decision if you trade it.