Expecting a bounce off converging trend lines
Overextension to the downside reaching key level.
The RSI is also forming a downwards channel, and will likely be breaking it to the upside.
The RSI is also forming a downwards channel, and will likely be breaking it to the upside.
Trade active
I'm long here. Head & shoulders forming and price hovering above support level:Note
and on the 1H:
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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.