Trade plan:
Evaluate price action on Mondays only for mid- long term play
Targets:
Fib Extention (-61.8) 0.108 and (-127.2) 0.124
Why is it Bullish?
1. Stoch RSI on Weekly entering upside from Oversold
2. RSI Div showing Weekly Pivot Point and momentum pushing to the upside
3. Price has closed above S2 Pivot on the Weekly and printed to 6 Jan 2020
4. Bullish pin bar reversal causing bounce to the upside
5. Bull flag forming on the daily time frame
6. Daily price action above 21 MA
What will make it Bearish?
1. Close below Daily 21 MA
2. Close below Bull flag
3. Close below Weekly S2 Pivot Point
Evaluate price action on Mondays only for mid- long term play
Targets:
Fib Extention (-61.8) 0.108 and (-127.2) 0.124
Why is it Bullish?
1. Stoch RSI on Weekly entering upside from Oversold
2. RSI Div showing Weekly Pivot Point and momentum pushing to the upside
3. Price has closed above S2 Pivot on the Weekly and printed to 6 Jan 2020
4. Bullish pin bar reversal causing bounce to the upside
5. Bull flag forming on the daily time frame
6. Daily price action above 21 MA
What will make it Bearish?
1. Close below Daily 21 MA
2. Close below Bull flag
3. Close below Weekly S2 Pivot Point