9 candle closes above the 4hr t line ;3 closes above 50MA

8 באפר׳ 2018

Short and simple update. After breaking up out of the most recent descending wedge on the 4 hr chart, and reaching the projected upward breakout target of that breakout we now have 9 closes above the t line and 3 closes above the 50MA Buy/Sell Line with 10 minutes left in a candle that also looks like it will close above both of those lines as well. Once it does that will mark 10 closes above the t line and 4 above the buy sell line....one more close above the buy sell line and we will be back in a buyers Market....so in anticipation of this I am going long...but as always will be prepared for the exact opposite outcome should it reverse course...Looking at the stoch rsi it seems like it wants to continue upward for a little while before retracing so I think it's a safe move. You choose your own path however as this is not financial advice. Good luck and thanks for reading!

8 באפר׳ 2018

הערה

we officially have 10 closes above the t line and 4 closes above the 50 ma on the 4hr chart. With the new 4 hour candle currently being held up above the support of the t line.

8 באפר׳ 2018

הערה

so we got the ever important 5th close above the buy sell line on the 4hr chart...but currently the stoch rsi indicator is suggesting there may be some selling happening during the next 4 hr candle so for now I won't be adding to any position and will simply just wait to see what happens.