1. Price is in an area of significance (retested this zone numerous times and hasn't broken to the downside) 2. Significant BULLISH pinball candlestick 3.Bullish engulfing candle closes in this zone (Indicates BULLS are being injected into the market; BEARS are trying to maintain their strength) 4. Wait for PA confirmation before going long
on my analysis on AU we are in a daily downtrend and we still have a 4hr downtrend so IMO trying to pick the bottom is a bit aggressive right now. for my to maybe look for a scalp i would first need the 4hr i posted to break the TL with a full OC outside of the TL or a supply zone removed then i would consider trying to buy a pullback.
cheers-austin
cheers-austin