$SC, Radical Reversal Or More Sell Off

28 Jul 2018

Weekly
Looking at our trend timeframe we see SC not showing any signs of slowing down, however when looking at our stochastic rsi we see momentum has bottomed out and we are starting to shift towards the upside. Weekly not showing any confirmations of reversal just yet.


Daily
Shifting over to our pattern timeframe we see last time price was at this point we saw a push from 125 up to 360, stochastic rsi showing momentum is shifting towards the upside. A daily close above 130 activates our trade, sitting on hands until we see a close above 130 otherwise expect a drop to 50—55.