GOOGLE’s weekly chart is STACKED with confluences. I’ll live with any loss after such a signal. For starters there’s a Jeanius Buy on the weekly. This is signal is being printed a key area with many confluence factors (listed below).
- Multi-Demand Area test that has been tested about 15 times. - Break and Retest of a supply area - Longterm uptrend that has been tested 4 times. - A weekly fair value gap that has been 14.29% filled. - Weekly break of structure and retest - Long term and short term trend alignment - Price has reclaimed the 50MA after previously closing below - Weekly Larkuidity Sweep (sweeping 2 untested lows with a volume of 374.107M) … volume bar exceeded average - Sitting within the golden zone of a weekly fib retracement - Bounce from oversold area of RSI - A weakness in sellers are displayed
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