Good Buy Setup
Updated
Points in favor
1. daily chart- After 4 drives , took support and went up to 20 MA then retraced to 61.2 FIB on 30th May 2024, made hammer , RSI 40 Support
2. 1 hour showing bullish diversion with range shift.
3 monthly RSI 40 support
SL if monthly RSI goes below 40
1. daily chart- After 4 drives , took support and went up to 20 MA then retraced to 61.2 FIB on 30th May 2024, made hammer , RSI 40 Support
2. 1 hour showing bullish diversion with range shift.
3 monthly RSI 40 support
SL if monthly RSI goes below 40
Note
in New zoneCIP in daily chart at 60 RSI support
Good Positional setup
18th Jul 24
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