I found a rare divergence between two triangles in the price (descending) and RSI (ascending) in my favorite 4h ATOM/EUR pair...
If the price breaks above the upper triangle line, which i believe it will because of the divergence on the triangles, a move to at least 11.88 should be expected.
I'm getting in now, I will add more if the price drops to the lower...
All previews targets reached (look ata my previews posts. I sold half the possition I had and now waiting for the next target to be given. This is still long...
We clearly see the expected uptrend and price negotiation in a channel but we also see a new triangle pattern...
I'm all excited to see where this triangle breaksn to...
12,55 is the C&H target ATM as all other targets are reached...
When the triangle breaks we will get a new target...
C&H formation is developped...
Targets
a) H&D 9,55
b) C&H 12.50
c) Flag Formation in 1h 8.66
Blue Line should be considered as support and may be used as stop...
Have Fun!!!
Last Sept-Oct I said we are heading to $43... Now I say we are done with SHORT and we should WAIT neutral until we confirm the purple channel that will eventualy lead us to the $108 area. I'm gonna try my first longs when we reach the lower trendline of the purple channel.
Have Fun!
