Morning star candle in the 15m. MACD is curling and RSI shows bullish divergence. Take 10% @ $8,1960.00.
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Breakout target $7,625. Confirmation with hourly/2h candle close above $8575.
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$7,535 final target for breakout, or we break key resistance and go another leg lower. Doubtful.
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Ladies and gentleman, throw in some popcorn and enjoy the show. My apologies on the buy target being a little on the high side, will look into that.
Starting to understand why the pros are the pros and the average Joes are the average Joes. Good luck and happy trading!
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For optimal viewing experience, please switch to the logarithmic chart and turn the time table to 14d! Enjoy! Hope you all made some money off this trade!
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An update,
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WARNING, we are likely in a bull trap. Take 10% profits here.