Pros:
- Strong uptrend confirmed by SMA lines 20>50>100>150>200
- MACD ticking up
- Force index ticking up and above 0
- Hammer confirmation (suppor retested and tail did not touch support)
Cons:
- Hammer volume is relatively low. Ideally a higher volume on hammer would be prefered. I am currently testing the theory to ignore volume and rely more on force index. It make more sense to rely on price movement + volume to make a decision instead of just volume alone.
- The channel range is not broad enough to target 3R confidently.
Overall Trade Grade: 66.66% (8/12)
Uptrend: 2/2
MACD: 1/2
Force Index: 1/2
RSI: 1/2
Reversal candle: 2/2
Entry timing: 1/2
- Strong uptrend confirmed by SMA lines 20>50>100>150>200
- MACD ticking up
- Force index ticking up and above 0
- Hammer confirmation (suppor retested and tail did not touch support)
Cons:
- Hammer volume is relatively low. Ideally a higher volume on hammer would be prefered. I am currently testing the theory to ignore volume and rely more on force index. It make more sense to rely on price movement + volume to make a decision instead of just volume alone.
- The channel range is not broad enough to target 3R confidently.
Overall Trade Grade: 66.66% (8/12)
Uptrend: 2/2
MACD: 1/2
Force Index: 1/2
RSI: 1/2
Reversal candle: 2/2
Entry timing: 1/2
코멘트:
14 Nov 2019
Good signs:
- Bear volume is small
Neutral:
- MACD ticking to about the same value
Bad Signs:
- Early inverted hammer
- Force going down
Good signs:
- Bear volume is small
Neutral:
- MACD ticking to about the same value
Bad Signs:
- Early inverted hammer
- Force going down
Good signs.
- MACD ticking up
- Force Index ticking up
Neutral:
- Hammer-ish candle on 13 Nov. Seems to appear abit too early after only such a short rally. I've looked deeper into that candle and it still seems bullish with huge buying volume towards the end pushing up the price.
Bad signs:
- None yet in my opinion
Conclusion: Continue riding it up