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
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.
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.