Looking for the consolidation to break to the upside
We have reached a higher timeframe support and we have already bounced from it.
I am therefore looking for the consolidation to break to the upside to enter long.
We can also see that the RSI is in a downward channel and will likely be breaking upside.
Here is the longer timeframe support. It could still bounce on the next POC level before going higher...
^^ This scenario would actually form a bigger spring upwards
I am therefore looking for the consolidation to break to the upside to enter long.
We can also see that the RSI is in a downward channel and will likely be breaking upside.
Here is the longer timeframe support. It could still bounce on the next POC level before going higher...
^^ This scenario would actually form a bigger spring upwards
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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.