Textbook TTM Squeeze Setup

16 gen 2019

We had tight squeeze, and yesterday's price action started rapidly expanding the Bollinger bands. Wave A and Wave C are both positive. ADX appears to have turned the corner so we should expect some increased volatility, and the trend tells us to expect that volatility to be positive based on the waves and the RSX. The RSX shows a clear upward curve, having just bounced off the mid-line, and the RSX shows clear "stair stepping" with higher highs and lower lows over last two cycles. I'm in at 1.642 with a target of 2.40. Will reevaluate trade if the daily candle breaks the green support trendline.