TRADE OF THE DAY | Bullish Divergence In Play Poss. 18%
TRADE OF THE DAY | Bullish Divergence In Play Poss. 18%
One of the few current set ups with a strong bullish divergence in play after a massive drop from its recent big move. No surprise that we are showing a broadening wedge formation - not broken yet but on the whole quite a bullish pattern. The key drivers for the long here are the divergence, high untested weekly pivot, regained a nice support and the 200 Daily EMA. The TP also falls nicely within a key resistance and inside the untested weekly pivot.
Its going to be an insanely volatile week so just beware of any trading right now.
One of the few current set ups with a strong bullish divergence in play after a massive drop from its recent big move. No surprise that we are showing a broadening wedge formation - not broken yet but on the whole quite a bullish pattern. The key drivers for the long here are the divergence, high untested weekly pivot, regained a nice support and the 200 Daily EMA. The TP also falls nicely within a key resistance and inside the untested weekly pivot.
Its going to be an insanely volatile week so just beware of any trading right now.
