You're right on that chart. The short-term looks good for more upside, maybe next week.
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The ER2 Trading Journal
- Thread starter trade_4_living
- Start date
Now it is trading around the pivot. The entry price for a long play is when the downside trendline breaks. In the chart, when the white line crosses the CCI line at the bottom, a buy signal, it might happen after lunch.
This is 5 minutes chart, it is more reliable for this kind of play.
This is 5 minutes chart, it is more reliable for this kind of play.
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3 minutes chart would generate a buy signal here. I think this is not very reliable on 3 minutes chart for trend play, but good for scalping. We might see a zero line rejection right around the pivot, the CCI might not pass the 0 line.