I am very very bullish on this formation with the MACD the way it is. It can obviously break either way so a trigger is required for entry but I am really digging this setup for a break to the upside. If it goes the other way. Nothing is lost as I hold no position right now.
Watching this VERY closely
Trade closed manually
Update. This broke to the bullish side and triggered an entry. Stop loss set and was stopped out for a fair gain. This chart is a perfect lesson that things can change very very quickly and always protect your capital.
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