CRSP is currently at key support and the 200 week moving average. This may be a possible bottom, however it is best to look for an entry on a lower time frame (4hr or 1hr chart) before entering. Bottoming patterns to look out for are inverted head and shoulders, double bottoms, and/or higher highs with higher lows.
Orden cancelada:
Didn't form a bottoming pattern and cut right through support. Next line of support is around $48-$52 at the purple ascending trendline.
Comentarios:
Price is back above support. Look for a bottoming pattern on a lower time frame that respects the support line.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.