Plan:
At close, price was(141.70) placed between Upper (141.97) and Lower SMBands(140) (Day).
Day channel moves up by 1.5 points per day. So, tomorrow's bottom of the day channel is at: 141.1. UpperBand of SMSar is 141.97.
today's close is: 141.70. Purple line (30min chart) support is 139.75(approx). Weekly channel support is at: 139.95(approx). LowerBand of SMSar is 140.
Why long:
30min chart:
Day Chart:
WeekChart:
At close, price was(141.70) placed between Upper (141.97) and Lower SMBands(140) (Day).
Day channel moves up by 1.5 points per day. So, tomorrow's bottom of the day channel is at: 141.1. UpperBand of SMSar is 141.97.
today's close is: 141.70. Purple line (30min chart) support is 139.75(approx). Weekly channel support is at: 139.95(approx). LowerBand of SMSar is 140.
- If opens with in the purple support(30min chart), buy.
- If opens below 139.75, need to shot based on stochastic guidance (ie, wait for motive wave). Buy can be postponed to 132 (newly found green channel in day chart).
- If price moves below green channel support (day chart), shot based on stochastic (ie, wait for motive wave)
Why long:
- Day Channel's top is not yet touched.
- We are near bottom of this Day Channel and Weekly channel.
30min chart:
Day Chart:
WeekChart:
Monthly Chart:
1hour chart:
5min chart:
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