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Long

Long SODA on TL Break, Divergence and Daily Support

By glennmercer
Daily S/R zone and trendline support are being obeyed which provides a nice R/R opportunity to go long. An hourly TL break in addition to momentum divergence and an oversold RSI provides a nice entry at around 19. Target the minor resistance around the nearest missed weekly pivot with a SL below recent lows.
DivergenceknoxvilledivergencemissedpivotsMomentum Indicator (MOM)oversoldpriceactionRelative Strength Index (RSI)rsi_oversoldSODASupport and ResistanceTrend LinesTrend Line Breaktrendlineconfluence
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