Waiting for a buy opportunity

1 HR (4 HR & Daily view)

"Technically" price made a HH but not with much conviction but cant buy here @ W-R2. With 3 time frames of stoch's in the OB zone price will hopefully retrace soon. One thing to watch for would be if the 4 HR stoch wins a battle then the 1 HR should print a LH & LL. Look for a buy opportunity at the 1st support zone initially and secondly down by the 38.2 zone. On a larger scale a buy opp also presents itself in the 38.2-61.8 sweet spot in red box so "when & If" the macd falls below the '0' line the larger degree retracement is like on the menu so look for a sweet spot buy opp. Lets see what happens.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.