The weekly shows a rejection candle that went up to -1 ATR, a point of reversal the last couple of weeks that often resulted in a pullback to the 21 . Histogram is ticking up, although EFI is hanging around its and not showing much strenght yet. is and its %D line is rising.
There is a nice triple divergence here, on MACD-Histogram and . Then a ATR channel divergence on the current decline as well. is coming from an oversold condition and supports the idea of prices going up here. Also, lines are diverging as well, which is a strong sign.
R/R ratio: 1:1.6