Points to consider:
- Support Confluence (higher low)
- Bull-flag (trend continuation)
- 55 (visual guide)
- above 50
- Stochastics overbought
LEND held local support, in confluence with .618 upon retest of the key level, establishing a higher low, further solidifying the importance of the level
S/R flip of the neckline further establishes a bias in the market.
The 55 will act as dynamic support and a visual guide, assisting in trade management.
An increase in bull nodes is present; further influx of will be essential for price action follow-through.
has broken above 50 showing increasing strength in the market, ranging above 50 will maintain the bias. Stochastics reaching oversold conditions and may remain there for some time.
Overall, in my opinion, A long trade is validated to the technical target above with risk defined below .618 .
What are your thoughts?
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