Watching ONCI, Thanks Old Salt Dawg: The flag p
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Posted On: 10/03/2017 6:47:01 AM
Re: OldSaltDawg #25214
Watching ONCI, Thanks Old Salt Dawg:
The flag pattern breakout on Sept 1st was on strong volume,then after about .007 it rose to .02 almost another 190%,but on steadily decreasing volume. A yellow flag for me. (of course hindsight is perfect though
)
This pullback filled the gap up from sept 15th at .0124 which may have been a bit of an exhaustion gap up. A consolidation here is to be expected, I am looking for it to hold rsi 40 and the rising 50ma on the daily and will look for an entry around there IF it looks to be acting right (ie lower volume selling and a nice consolidation or a high volume bounce/ reversal off or near the 5oma)
Here is a link to a chart I am working on for it, for my own style:
http://schrts.co/Bff3rV
Thanks again and best of Luck!!
The flag pattern breakout on Sept 1st was on strong volume,then after about .007 it rose to .02 almost another 190%,but on steadily decreasing volume. A yellow flag for me. (of course hindsight is perfect though
) This pullback filled the gap up from sept 15th at .0124 which may have been a bit of an exhaustion gap up. A consolidation here is to be expected, I am looking for it to hold rsi 40 and the rising 50ma on the daily and will look for an entry around there IF it looks to be acting right (ie lower volume selling and a nice consolidation or a high volume bounce/ reversal off or near the 5oma)
Here is a link to a chart I am working on for it, for my own style:
http://schrts.co/Bff3rV
Thanks again and best of Luck!!
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The fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking and reaching your own conclusions - Jesse Livermore
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