Long
Get ready to long Retrace
Storm has been in a correction after the 5th wave completed. Mapping out a support area to ladder buy at should be 123 to 120 which is the .618 to .65 level. There's a falling wedge and decrease in volume which also implies a reversal is due. The RSI is on bullish support of around 40.
On the 4 hour there are signs of bullish divergence on the RSI and MACD.
This very well could just be the end of the A correction.
If so TPs: 139, 145, 150, 151
SL 114
Ladder buy: 123-120
On the 4 hour there are signs of bullish divergence on the RSI and MACD.
This very well could just be the end of the A correction.
If so TPs: 139, 145, 150, 151
SL 114
Ladder buy: 123-120
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.