ELSA - Clear bullish divergenceLONG – ELSA
On the 15-minute timeframe, a high-probability preferred pattern has been identified. RSI is deeply oversold and showing clear bullish divergence on M15, signaling momentum exhaustion on the sell side. This condition is confirmed across higher timeframes (H1 and H4), where selling pressure is visibly weakening, indicating seller exhaustion.
Previously, price repeatedly broke the descending trendline, confirming a deterioration of the bearish structure. However, strong buying pressure has not yet emerged. For this reason, the plan is to wait for a volume expansion as confirmation, in line with classical price–volume analysis. Given the historical behavior of this pattern and momentum setup, a buying surge is expected in the near term.
🎯 TP: 0.21439
🛡️ SL: 0.010687
📊 RR: 1 : 9.21
Trade thesis: multi-timeframe RSI divergence + seller exhaustion + repeated bearish trend breaks, with volume confirmation as the final trigger, forming a high RR long opportunity.
