Higher Timeframes are making bullish divergence now which is a good signal to enter a long or buy. RSI made a higher lower while price remained at same local low area (if price made a new low would even have been better) and we can also see three clear waves indicating this could have been (higher odds) the last corrective move for this RSI channel. Price of 7676 is 'protected' due to the bullish divergence and if it is able to make a new low it would invalidate the trade. Additionally the MACD Histogram is showing selling has peaked and is now flat (red to pink) which is one of the confirmations that we want to see. It also looks like it has to cross up soon as the 3D MACD is starting to become oversold.
Trade idea would be to put stoploss below 7670, entry 8040-8200 and target 8800-9280 (R/R 2:1)
Trade idea would be to put stoploss below 7670, entry 8040-8200 and target 8800-9280 (R/R 2:1)