I'm bullish for reasons
1. Price is currently in the right shoulder of IH&S in 1D
2. Bullish Divergence on 4H
3. Doji in 1D before Green Candle
4. Bounced @.618 RED
5. Price holds @.5 RED support
6. Buy volume above average in 4H
7. May form C&H on 4H before breaking resistance
Buy Zone: .618 - .382 Yellow Fib.
Targets: 38% - 142% From current price.
Trend change if below .618 RED and becomes Resistance.
1. Price is currently in the right shoulder of IH&S in 1D
2. Bullish Divergence on 4H
3. Doji in 1D before Green Candle
4. Bounced @.618 RED
5. Price holds @.5 RED support
6. Buy volume above average in 4H
7. May form C&H on 4H before breaking resistance
Buy Zone: .618 - .382 Yellow Fib.
Targets: 38% - 142% From current price.
Trend change if below .618 RED and becomes Resistance.
Note
Price breaks down and currently below all Yellow Fibs and in between .5 and .618 RED which is a good buying area for long term.
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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.
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.