1). Price is sitting on a monthly PRZ (Yellow line).
2). The Red line (1280.0) has acted as a core area of value in recent time with strong bounces.
3). A double bottom has been printed on the 1280.0 level
4.) Last weeks candle closed in a bullish inverted hammer with its body engulfing the upper weeks doji.
5. I expect price to bounce and test the previous high
TO DO: wait for price action on the daily
2). The Red line (1280.0) has acted as a core area of value in recent time with strong bounces.
3). A double bottom has been printed on the 1280.0 level
4.) Last weeks candle closed in a bullish inverted hammer with its body engulfing the upper weeks doji.
5. I expect price to bounce and test the previous high
TO DO: wait for price action on the daily