Hey guys, If any one has Santa's number please give him a call and tell him to bring me this.
Enough jokes time for ideas.
Lets start by saying that Im 50-50 in the MTF.
This is my Bullish scenario:
1. We hold diagonal trendline acting as support and make a move out of the meme triangle (Don't discard triangle as its a big part of my bear thesis which I will cover in another chart).
2. Immediate support is this recent low, im playing with a tight stop since a break of the structure will invalidate some of my bullish targets.
3. We hold the last higher low, we had a great move out of the Golden Zone on positive news and if we can make a new higher low here then we should start pushing on those upper resistances near 49-50 area. This area is very congested and if we clear that we should be able to hit 53 and test those zones.
I will keep the chart updated.
Enough jokes time for ideas.
Lets start by saying that Im 50-50 in the MTF.
This is my Bullish scenario:
1. We hold diagonal trendline acting as support and make a move out of the meme triangle (Don't discard triangle as its a big part of my bear thesis which I will cover in another chart).
2. Immediate support is this recent low, im playing with a tight stop since a break of the structure will invalidate some of my bullish targets.
3. We hold the last higher low, we had a great move out of the Golden Zone on positive news and if we can make a new higher low here then we should start pushing on those upper resistances near 49-50 area. This area is very congested and if we clear that we should be able to hit 53 and test those zones.
I will keep the chart updated.