Go in with momentum or wait for a pullback?
UPI current's high is 4.10 but on low volume.
Not ideal for a day trade because there's not enough liquidity.
It may be OK fo a longer term trade.
oh my! I ABSOLUTELY LOOOOOVE IT!!!!!!! ;D applauds!!!!
Will be buying near 3.65 if i get the chance - thanks man!
Thanks Calven,
I'm glad you like it.
That's what we're here for - to help each other in the learning process.
I just received this e-mail.
I'm in the process of learning your Wolf Wave pattern deeper.
I find it very interesting.
Ares
You may want to check out SCT too.
I'm in the process of drawing the most recent chart for it.
I will be posting it at the SCT thread after I'm done.
Looks like it may pull back first to create an Ascending triange, but then may be it won't pull back anymore - we'll see what the market decides.
Update on UPI.
RSI(2) is overbought.
This may give traders a chance to get in soon when RSI(2) goes back down below 20.
RSI(2) may be a good indicator for a quicker in and out.
What I would like to see though is Stochastics close to 20, an uptrending MACD bouncing or about to cross back up,and an RSI(2) below 20.