Price has pushed all the way back into a previous intervention low, which is a level that has produced some serious reactions throughout the year.
Here’s what I'm seeing:
📍 Price testing previous structural support
🔄 A completed double bottom
📉 Extremely oversold RSI
📊 Bullish RSI divergence
🎯 And an alternative 2618 setup if you missed the initial entry
The important lesson?
You don't have to chase a trade just because you missed the first entry.
Instead, wait for the market to give you another opportunity with a favorable risk-to-reward profile.
If you have any questions or comments please leave them below and I wish you guys a great and safe week in the markets.
Akil
Here’s what I'm seeing:
📍 Price testing previous structural support
🔄 A completed double bottom
📉 Extremely oversold RSI
📊 Bullish RSI divergence
🎯 And an alternative 2618 setup if you missed the initial entry
The important lesson?
You don't have to chase a trade just because you missed the first entry.
Instead, wait for the market to give you another opportunity with a favorable risk-to-reward profile.
If you have any questions or comments please leave them below and I wish you guys a great and safe week in the markets.
Akil
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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.
🎵Check Out My Top-Rated "TRADING COACH PODCAST" (Available On Your Favorite Podcasting App)
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.