Bears have had their fun. We're coming up against a strong line of support, and we're hugging the line. The market can't wait to have the green light to move upwards. I'm hesitant to include a target because I think it could be a long sustained bull market.
The hourly stoch is currently overbought, so I do see us dipping a little bit before the real breakout occurs. When we dip into the green zone OR when stoch is oversold, I would look for a short term MA cross upwards and buy then. I really don't see us going south of the black line of support, so I would endorse a BUY if/when we hit it.
Bear market is nearly over. Load up when it dips, and hold on friends.
The hourly stoch is currently overbought, so I do see us dipping a little bit before the real breakout occurs. When we dip into the green zone OR when stoch is oversold, I would look for a short term MA cross upwards and buy then. I really don't see us going south of the black line of support, so I would endorse a BUY if/when we hit it.
Bear market is nearly over. Load up when it dips, and hold on friends.
Kommentar:
Update: Broke through orange line without dipping into Buy Zone, but stoch was oversold at 1.19 which would have been the ideal entry here.