Long after a double bottom bounce off March 2009 support. The signal is generated after the December 2018 candle closed as a doji at a key level signalling indecision, followed by a strong bullish engulfing January candle that has not closed. Nevertheless it took out the prior 7.95 candle high with a strong price action.
Entry is 9.06 the January 18th close, stop at 7.24 bellow the November2018/January2019 candle lows, and a 12.73 target for a 2 RiskReward.
Entry is 9.06 the January 18th close, stop at 7.24 bellow the November2018/January2019 candle lows, and a 12.73 target for a 2 RiskReward.