Structural support leading to bullish move
Updated
Monthly
- Respecting structure
Weekly
- Previous candlestick was Bullish Inverted Hammer.
Daily
- Trend line break out from previous leg.
4hr
- RSI is still bullish
1 Hr
- Price at strucutre
- RSI is making bullish moves
- Price at 70.7 level
- Respecting minor uptrend line.
Summary
- Will wait for nice reversal candlestick before taking a position.
- Respecting structure
Weekly
- Previous candlestick was Bullish Inverted Hammer.
Daily
- Trend line break out from previous leg.
4hr
- RSI is still bullish
1 Hr
- Price at strucutre
- RSI is making bullish moves
- Price at 70.7 level
- Respecting minor uptrend line.
Summary
- Will wait for nice reversal candlestick before taking a position.
Note
Candlesticks came in, price went bullish. Then made a retracement back down the 78.6 line. still prift.....
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