Analysis
Daily: Price failing to create an equal or lower low at 130.659.
4h: Candlestick closed as doji (indecision) with a higher top wick at the bottom of a downtrend.
1h: Minor double bottom on 1hr LL followed by a sell-to-buy structure.
Confluence
1. Equal low or lower low failure
2. High wick indecision candle at downtrend
3. sell-to-buy structure
4. Bullish RSI divergence (price making LL, RSI making HL)
Technical Keys
Arrow Line:
solid: most probable move
dashed: possible move
Horizontal lines - midpoint/decision point (supply/demand)
These are plotted based on a price midpoint: top wick meets previous bottom wick/bottom wick meets previous top wick = supply meets demand, demand meets supply.
Daily: Price failing to create an equal or lower low at 130.659.
4h: Candlestick closed as doji (indecision) with a higher top wick at the bottom of a downtrend.
1h: Minor double bottom on 1hr LL followed by a sell-to-buy structure.
Confluence
1. Equal low or lower low failure
2. High wick indecision candle at downtrend
3. sell-to-buy structure
4. Bullish RSI divergence (price making LL, RSI making HL)
Technical Keys
Arrow Line:
solid: most probable move
dashed: possible move
Horizontal lines - midpoint/decision point (supply/demand)
These are plotted based on a price midpoint: top wick meets previous bottom wick/bottom wick meets previous top wick = supply meets demand, demand meets supply.
Trade closed: target reached:
Trade closed successfully in profit.