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Want to see the price close back above red line, thats the trigger for my long entry. But the good news is it can't get much worse! The 1st gap was D The 2nd gap was D 1st gap x 1. Midterm forecast: While the price is above the support 0. We make sure when the resistance at 0. If the support at 0.
Technical analysis: While the RSI downtrend 1 is not broken, bearish wave in price would continue. A peak is Videos only. This time it's different.
Bullish divergence is one of my favourite indicators with great hit rate. As you can see on the chart, there is a forming and likely confirmed bullish divergence on 4H timeframe. It's also important to note that the current candle circled in black is a hammer so it enforces the hypothesis of an up coming reversal.
You can take a shot at candle close or wait a Every day the big picture become more clear! Want to see the price close back above red line, thats the trigger for my long entry. But the good news is it can't get much worse!
The 1st gap was D The 2nd gap was D 1st gap x 1. Midterm forecast: While the price is above the support 0. We make sure when the resistance at 0.