Providing we get bullish divergences on the daily, 4 hr, 1 hr, and 30m RSI, we will be looking at this green box for a possible bounce. This looks like the bottom of a market maker cycle, looking for the price to come into the box forming the Peak formation low of the new cycle, recovering the imbalance from November, tapping into the Golden Pocket retracement from the previous range low to the all time high, and the bear market low to all time high .382 retracement.
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.
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.