From the Daily Chart, price is;
At the Fib 50 Level.
Spinning top candle stick was forming
Rejecting of Fib 50.
At Area of Support.
From the 4 Hour Chart, price is;
Rejecting Fib 50.
Stochastics is oversold.
RSI is slightly bullish.
From the 1 Hour Chart, price is;
Divergent on the RSI and Stochs.
From the 15min Chart, price is;
Broken out from the minor trendline
Broken out from the small yellow consolidation box.
Trade Idea
Bullish momentum now.
At the Fib 50 Level.
Spinning top candle stick was forming
Rejecting of Fib 50.
At Area of Support.
From the 4 Hour Chart, price is;
Rejecting Fib 50.
Stochastics is oversold.
RSI is slightly bullish.
From the 1 Hour Chart, price is;
Divergent on the RSI and Stochs.
From the 15min Chart, price is;
Broken out from the minor trendline
Broken out from the small yellow consolidation box.
Trade Idea
Bullish momentum now.