Typically this should be the first test after the broke out of bull market support band, I would expect it to be 5-10% around (at 4 h level) 20 EMA/SMA or Bollinger band MID. I will buy when 1 h RSI keeps nicely above 50 with a golden cross of stochastic RSI.
Note
if you look at the 1 h chart and it doesn't form a M-head, it's almost there.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.