SUPER looks ready for a new bullish wave. bullish divergence on 12H TF playing out and recover the daily support (orange line) is the key to keep momentum higher.
Yellow box to enter and wait the 50% to complete next weeks
Increase in volume (which is paramount to have a decent size move to any direction) and major Support/Resistance level (orange line) touched on daily time frame (demand zone).
We can buy yellow area according to demand > trading volume > hence previous Price Action.
It looks like the point of interest on lower timeframes
Bullish divergences playing out on 12H timeframe normally showing a potential for a bounce from the area.
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.