Is AKT ready for another leg up?

Details
Chart speaks for it self. I believe we are seing a pull back in price in accordance to the recent contraction we saw. AKT was trading below the contraction for a short time, but it has shot above the contraction. The 4H timeframe is definitely bullish; in this case we used the 15 min to determine an entry.

Contradictions to this trade:
In this current case, when we look at the 4H timeframe, we can see that we have a bearish divergence in the RSI:

The indicator above is the white noise, where the source is the 30 EMA.
Even though the trend and direction seems to be up, mean reversion tools like the RSI could indicate that we could go lower. In that case it would be smarter to look for longs in the ~$3.86-$3.94. This is based on the fair value gap on the 4H timeframe.


Feel free to use the indicators that I have used in this idea, the white noise and MCVF is free for everyone on tradingview, I'll link them below!


Disclaimer
This is a trade that is meant to be monitored, I'll update on the trade as the entry that is drawn isn't a confirmed entry, but rather an estimate!

Stay safe
- Omar

Commento:

This is my confirmation entry

Trade chiuso: obiettivo raggiunto:

Exactly like I drew it out in my confirmation update.
Take profit hit!