Target hit. Consolidation before the final bullish leg. Long.

27 ביוני 2018

TP = 70.52 hit after the 4H Channel Up (RSI = 70.630, MACD = 0.810, B/BP = 2.3200) extended aggressively for a new Higher High near 70.90. The price is simply capitalizing on the previous week's 1W Engulfing Bullish reversal candle (+5.41% on RSI = 62.243, Highs/Lows = 1.2364). All longs from the lower 68.20 are closed, waiting for another pull back opportunity. So far all buying opportunities since the June 18 = 63.50 bottom have been taken advantage of to the maximum. 70.84 was a big 1D Resistance (now the chart is fully bullish on RSI = 61.593) so despite the aggressive Highs/Lows = 3.0864, consolidation is expected around it. Note that STOCHRSI, Williams and CCI are already overbought. 69.98 and 69.01 are the long entries if you've missed this uptrend. Our next TP remains 71.88.