Bear Flag Target

20 giu 2018

The price is currently at the Bear Flag target zone, which meets perfectly with the 0.786 line. Given how reliable the sequential system has been on red 9's, I am still waiting for this to signal a bottom. RSI is in oversold territory, which leads me to anticipate for a bounce soon. Hopefully we can get a strong bounce of a 9 with an oversold RSI, whilst staying above the blue trend line. This would give me confidence entering a position. An aggressive trader could start to scale in at this point, but personally I am waiting to see what the price does over the next 4 days.