Despite the price violated below 20-day , it managed to close at 38.2% FR and briefly above the 50-day .
A Japanese indicates the price is rejecting to go lower and sends a signal of reversal pattern, coupled with the indicator is impending to crossover above the oversold area.
EP: 0.365 (penetrating above 20-day and previous candle)
Next R/ TP:
• 0.385 (38.2% FE and ATH )
• 0.325 (50-day and 50% FR )
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.