WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in MONTHLY demand zone ( previous resistance) with RSI bullish divergence and bollinger band lower band support in DAILY TF.
on DAILY TF RSI N BOLLINGER BAND also support the IDEA...
RED line on the chart may act as a resistance ( indicated by RED LINE ) as WEEKLY supply zone as well as HTF supply zone.... on the other hand we PA moves against our anticipation, 39/40 level on DAILY closing basis act as stop loss... so keep in mind and plan your trade accordingly...
REFRENCE - SCRIPT 1 KERNEX MICROSYSTEM
Who's gonna trade with me for this trade IDEA let me know...
Note
what a single day move observed after entry.....
Note
second entry on weekly demand zone triggerd again...
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.