Long
FRGE-setup for bullish continuation from a pullback LONG
FRGE hin the past couple of trading days has had a 20% pullback consistent with a 50%
Fib retracement of the prior trend up which occurred over 2 weeks. Bullish divergence
on the two time frame RSI indicator where the lower TF RSI bounced up from the 20 level
in oversold territory suggests a reversal is impending. So does the mass index indicator
with a value in the reversal zone awaiting a trigger with a drop below 26.5. The range of
the HA candles have suddenly decreased and the color red to green. I will take pullback going
long trade here expecting a quick 10-20% profit while targeting 2.88 just below the POC line
of the visible range volume profile. The volume void from 2.6 to 2.8 should allow for quick
upward price action as the void needs to be filled.
Fib retracement of the prior trend up which occurred over 2 weeks. Bullish divergence
on the two time frame RSI indicator where the lower TF RSI bounced up from the 20 level
in oversold territory suggests a reversal is impending. So does the mass index indicator
with a value in the reversal zone awaiting a trigger with a drop below 26.5. The range of
the HA candles have suddenly decreased and the color red to green. I will take pullback going
long trade here expecting a quick 10-20% profit while targeting 2.88 just below the POC line
of the visible range volume profile. The volume void from 2.6 to 2.8 should allow for quick
upward price action as the void needs to be filled.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.