Price has rejected from the ascending trendline twice (1,2 follow through ;) ) and is currently sitting on that same trendline. Also, price is inside the previous market structure low zone and Stoch is oversold in the 1hr and 4hr timeframe.
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.