Short Term Trading Weekend Lounge: 7 -9 Apr, page-26

Jayza,

Just need to add some more TA in there as you are a few indicators short

Daily- Significant MACD bullish cross...RSI still very healthy....daily candle bearish however broke the wedge structure and plenty of support coming in at 2c (previous resistance) - plenty of absorption in that bar



Hourly- Bearish MACD cross however this means little in as the overall daily theme is bullish. Broke through Ichumoku cloud and often it back tests this break before resuming north- hence why a lot of reloading was occurring at 2c (the optimum buying zone for those that missed the first move)




And below my original chart where you can see the structure and 2c being the break zone....So one would want 2c to hold to confirm the break and then we are on a ST bull for sure