AI
Tuesday, January 08, 2019 11:28:06 AM
Anyone who can read the 60 minute chart knows this failed to bounce out of the channel, yet again, and that without news the slow bleed starts again. You all can "buy the dip" as some have recommended but IMO you should wait to see how low it bleeds. I see .2640 (200ma) first, then .21. then .15 or less as there is an upper channel and a lower channel but both channels are trending DOWN. Failure to hold the 200ma on the 60 minute chart means this will move to around .21 so "buy the dip" when YOU feel the "dip" has actually FULLY bottomed. I'm not touching anymore above .21 until it finally breaks out of the channel. Then I'll buy on the way up, not down. If it can hold the 200ma and break out here add if not wait.
Edit - BTW this chart is older. The PPS is now closer to lower PSAR and the 200ma.
Edit - BTW this chart is older. The PPS is now closer to lower PSAR and the 200ma.
CBD - The New Gold Standard. My posts are for informational purposes only. Always trade at your own risk.
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