If you want action, start buying small. keep your stop loss tight
I made small entry
but... need confirmation on divergence. I'll add more into my bag when it's confirmed reversal
we have plenty room before daily RSI oversold. I use 20 as lower band in RSI, because we are in strong trend. This is just like when we were in strong bull trend, you will always have overbought rsi if you use 70. it will be different if using 80.
current daily candle is basically floating above 5400 support, unless we can make new support in next few days
reversal confirmed at tf 4H.
so.. if you follow this TA, you should've add your long more than twice, in every retracements. if so, you need to calculate cost average.
one more thing we need wait before completely sure out from bear market... I'll post in next comment
potential HIDDEN BEARISH DIVERGENCE.
if we fail to break out from blue box, bearish divergence is validated. a lot of traders also preparing their short at that level. unless there's enough fomo, I think there's huge potential bearish divergence will occurs. Means more down lower than 6000. Meanwhile, I'll my longs until market signalled otherwise
at the same time, market is signalling HIDDEN BULLISH DIVERGENCE. what a mixed signals we got here..