SLR - Bullish Trend Continuation
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Bullish Trend Continuation indications:
1. Support Zone Held after Price decline.
2. Trendline Support held after price decline.
3. Price is consolidating above the Support Zone and Trendline.
4. Price Action shows Bears are exhausted.
5. Good Buying Opportunity after Bullish Price Action.
I would be interested to buy after I will see Bullish Price Action and would target the next downward sloping trendline or next Resistance Zone (High Volume Profile Zone) between $2.10 - $2.30) Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
1. Support Zone Held after Price decline.
2. Trendline Support held after price decline.
3. Price is consolidating above the Support Zone and Trendline.
4. Price Action shows Bears are exhausted.
5. Good Buying Opportunity after Bullish Price Action.
I would be interested to buy after I will see Bullish Price Action and would target the next downward sloping trendline or next Resistance Zone (High Volume Profile Zone) between $2.10 - $2.30) Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Note
Note
MACD has crossed while Price is in Consolidation above Support and Trendline. It could be a Bullish sign indicating that Bulls may take control and pump price higher.Note
Note
This support of $1.60 should hold, otherwise it may head lower to the $0.900 - $1.00 Strong Support Zone.
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