I believe there's a high probability for a bullish breakout of this falling wedge
Most indicators looks bullish: - Histogram could flip green - MACD trying to make a bullish crossover - Stochastic RSI heading higher. - RSI shows a bearish divergence on 1H Chart, its possible that we will se a double bottom based on that idea.
On a 4H chart there is a clear hidden bullish divergence Histogram and RSI. - Stochastic is trying to make a bullish cross MACD dosnt show much, but it could look like its trying to curve abit, but its really to early to tell. (Lagging indicator)
To sum it up TONE is gonna bounce on a retest, it might be after a double bottom.
Two entry ideas First is to buy the S/R flip. Second in the case of a double bottom, to enter on the breakout of the wedge
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Tone is holding this support area, and indicators on 4H start to look bullish. still waiting on volume..