has moved over 50 and broken out the descending (Pink Color) towards upside. is showing momentum is up. Also we see price can not close bellow the neckline. There a is formed. It's a clear signal.
Recently we saw price had fallen down sharply after showing a regular divergence. After that we saw Momentum on 4hr chart. Price and had broken descending trend-line towards upside and it was the first signal of impending trend reversal. Also there was a Fakey setup. After that price got increased and then again price got decreased.
Invalidation : If price close below the neckline of .
Trading Tips : "When I trade, I don’t just use a price stop, I also use a time stop. If I think a market should break, and it doesn’t, I will often get out even if I’m not losing any money" - Paul Tudor Jones
'4M of Trading'
- (Understanding) Market,
- (Your Trading) Method,
- Money (Management) &
- (Leading and Managing) Myself
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