RISE might continue to RISE

30. Dez. 2017

RISE has been following the bullish movement and will likely to continue doing so in the near future.
This is a 4h chart.
Buy zone - 9447
SL - 6821
Target 1 - 13966

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Breakage of the trend-line might be a negative sign for a downward correction.

30. Dez. 2017

Trade ist aktiv

30. Dez. 2017

Anmerkung

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I just wanted to add an expanded version of the whole picture, including previous resistance and support level.

1. Jan. 2018

Trade ist aktiv

RISE is still in accumulation stage and we might expect a break out either way anytime soon.

4. Jan. 2018

Trade ist aktiv

In the following hours we need to watch RISE closely.
RISE is giving us mixed signals on the 1 day chart all signals are very bearish, while on the 4h chart we may see a trend reversal, MACD and RSI are about to point north.
RISE also found a previous support levels from the previous run.
Another possibility is what we are seeing now is a falling wedge leading to a trend reversal (see the similar pattern in the previous run before the uptrend)

4. Jan. 2018

Trade geschlossen: Stop wurde erreicht

7. Jan. 2018

Trade ist aktiv

we bounced off of the resistance, it is likely that the trade will continue in a positive up trend.