On the above 5-day chart price action has corrected 80% since last November. Now is an excellent moment to consider a long trade. Why?
1) Price action and RSI resistance breakouts.
2) Trend reversal.
3) Support on past resistance.
4) The bull flag confirmation. 2nd 500% impulse wave from here.
Is it possible price action corrects further? Sure
Is it probable? No.
Type: trade
Risk: You decide
Timeframe for long: This week
Return: 5x / 500%
