SALT channeling between strong Sup & Res - 7-10% trade
Hey guys,
This looks close to making a move in the next couple of hours.
- Broke out of overall down trend
- Tracking strongly between support and resistance in consolidation box
- Closed on 1hr with bull hammer
- Sitting outside current trend line atm on 4hr
- BB narrowing on 1hr, possibly ready for push
- MACD coming up close to crossing
- RSI 44
- Volume low
4hr:
1hr:
This looks close to making a move in the next couple of hours.
- Broke out of overall down trend
- Tracking strongly between support and resistance in consolidation box
- Closed on 1hr with bull hammer
- Sitting outside current trend line atm on 4hr
- BB narrowing on 1hr, possibly ready for push
- MACD coming up close to crossing
- RSI 44
- Volume low
4hr:
1hr:
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