Price is inside the decision zone , i think may be it will reverse due to the following reasons:-
1- Double bottom in lower time frame.
2- Valid structure level.
3- RSI oversold.
4- 1.618 Fib extension for AD Leg.
5- 0.764 Fib level for BA Leg.
6- 0.618 Fib level for CA Leg.
7- 0.500 Fib level for EA Leg.
1- Double bottom in lower time frame.
2- Valid structure level.
3- RSI oversold.
4- 1.618 Fib extension for AD Leg.
5- 0.764 Fib level for BA Leg.
6- 0.618 Fib level for CA Leg.
7- 0.500 Fib level for EA Leg.
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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.