-s/r line hit -price is trading between 20/50 ema -price is close to the upper trendline -at 23.60% fib from beginning of the down move -the volume was recently higher when the price was going down -stochastic overbought -adx not very weak in favour of downtrend on h1 -cci above 100
warning signs:
-some divergence on rsi and macd -close to weekly support trendline
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.