Price reaches the blue zone = previous key zone.
Price is now in the purple zone = discount zone - perfect zone to buy.
AO divergence at 15M.
Price made a lower low + higher high (see 3638 broken - red line) = QML
We wait for new High to form and mark that as the 2nd point in our Fib (the first point being 3609).
We wait for retracement at 0.786 before opening a BUY trade.
Price is now in the purple zone = discount zone - perfect zone to buy.
AO divergence at 15M.
Price made a lower low + higher high (see 3638 broken - red line) = QML
We wait for new High to form and mark that as the 2nd point in our Fib (the first point being 3609).
We wait for retracement at 0.786 before opening a BUY trade.
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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.