4H major trend in a channel. ADX above 20 in 4H, showing a relatively strong trend.
Pullback identified on 1H. Price Rejected at 61.6 Fib retracement in confluence with VWAP rejection. As well as a clear divergence with RSI. Counter-trendline broken with a bullish engulfing candlestick pattern.
In 15 min: Falling wedge identified. Price broken above with volume, as seen on Volume delta.
Pullback identified on 1H. Price Rejected at 61.6 Fib retracement in confluence with VWAP rejection. As well as a clear divergence with RSI. Counter-trendline broken with a bullish engulfing candlestick pattern.
In 15 min: Falling wedge identified. Price broken above with volume, as seen on Volume delta.
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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.