This is a little bit of a longer term move I'm watching.
I'm looking for a bullish breakout for a chance to get long.
We'll have to keep an eye on this as it progresses as it's still just an idea and needs to develop a little more.
If chikou span falls below price then this may move back to bearish and we can shift our bias.
If we do get our bullish breakout I've drawn out a few potential partial take profit levels to aim for on the way to the overall target.
If we fail to get the bullish breakout, this setup will become invalidated.
I'm looking for a bullish breakout for a chance to get long.
We'll have to keep an eye on this as it progresses as it's still just an idea and needs to develop a little more.
If chikou span falls below price then this may move back to bearish and we can shift our bias.
If we do get our bullish breakout I've drawn out a few potential partial take profit levels to aim for on the way to the overall target.
If we fail to get the bullish breakout, this setup will become invalidated.