Daily Up trend
4H short term down trend for pull back
support level
Long wick candle rejecting support and 50 ema
Followed by a bullish engulfing candle at support breaking trend line
Signaling buyers stepping in.
For Entry
Limit order at the 50% fib level or
set an alert or watch the market to see bullish price action at this level.
4H short term down trend for pull back
support level
Long wick candle rejecting support and 50 ema
Followed by a bullish engulfing candle at support breaking trend line
Signaling buyers stepping in.
For Entry
Limit order at the 50% fib level or
set an alert or watch the market to see bullish price action at this level.
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.