SoT Chartoff - week 2 - RVN

12 Mar 2019

Relevant on the monthly:
- volume going up, price going up

Relevant on the weekly:
- price was moving up, but than volume died and price also coming down
- broke out of longtime downwards trendtwo weeks ago

Relevant on the daily:
- Price going down, volume going down => this move is getting exhausted, price should go back up
- distribution almost exhausted? Should wait and see how we exit the daily wedge

Relevant on the 4H
- trying to break through downwards movement, distribution ending?
- not sure what to make of the volume

Relevant on the 1H
- by looking at volume, can see downwards pricemovement is getting exhausted
- there is a trendline which still acts as resistance, broke through once but could not gain it

13 Mar 2019

Trading ditutup: target tercapai

I reached my targets, but my entry was too high. Knew that as soon as I submitted... I know this is something I need to work on, finding the best entry. Hopefully better next time!