Simple setup, Price is reaching a solid trendline and obviously looking to go long and holding for possibly a few months. RSI is also completely oversold.
I will mainly be looking for candlestick patterns instead of putting in my position as soon as it touches the trend line. That's because this is oversold to hell, it may not even touch the trend line.
So look out for any hammers, spinning bottoms or engulfing.
I will mainly be looking for candlestick patterns instead of putting in my position as soon as it touches the trend line. That's because this is oversold to hell, it may not even touch the trend line.
So look out for any hammers, spinning bottoms or engulfing.