We have moved down to the .382 retracement, but are moving back up. This move up could be used as a second chance entry (short) if desired. We have divergences on both the AO and 3/10. By dropping down to a lower time frame, a reversal candle pattern may be offered.
Divergences can aid these setups, and should be sought whenever these are considered. Not mandatory, but certainly preferred!
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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.