We have three POI with the first already broken. Possibility of price reacting from the second (middle) POI and buying is high. Data showed from RSI and Stoch offers a possibility of it being over sold, so this may be valid.
However, this is not a trade idea but areas to watch out for. If price fails to react from the second POI and breaks it lower, then we can expect a push up from the third POI.
However, this is not a trade idea but areas to watch out for. If price fails to react from the second POI and breaks it lower, then we can expect a push up from the third POI.
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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.