Price has faced a rejection at the blue support level multiple times in the past and has just faced a strong wick rejection indicating huge bullish momentum.
confluences:
-divergence at trend line.
-price action shows a drastic deceleration in the bearish momentum.
cons:
Indicators are showing otherwise (but this may be due to the lag of the MA).
confluences:
-divergence at trend line.
-price action shows a drastic deceleration in the bearish momentum.
cons:
Indicators are showing otherwise (but this may be due to the lag of the MA).