Playing a relief rally up towards gap fill, 0.5 fib extension and 200 Day MA. This could hopefully form a potential H&S pattern.
Along a horizontal support and has just bounced off a well tested diagonal support.
Daily RSI and MACD showing hidden bullish divergence.
Target = Gapfill/0.5 fib extension/200 Day MA
Stop = A close below diagonal support. (Take caution with a close under horizontal support)
Along a horizontal support and has just bounced off a well tested diagonal support.
Daily RSI and MACD showing hidden bullish divergence.
Target = Gapfill/0.5 fib extension/200 Day MA
Stop = A close below diagonal support. (Take caution with a close under horizontal support)
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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.