MINDA CORP 61% retrace with Decrease in volumeHello Everyone,
Minda Corp Trading at 494 after making lifetime high oe 645 its retrace fibbo 61% also trading at EMA 200 levels at daily timeframe, Decrease in price with decrease in volume wit RSI oversold and Positive divergence goood long set up possibility for swing as well as positional.
Exponential Moving Average (EMA)
Dollar index remains under 105.00The dollar index has been losing its previous bullish momentum for a couple of days now, encountering resistance in the 104.50-104.70 zone. This resistance coincides with the resistance from the end of July.
From this morning, we see a pullback to the 104.00 level and a hint of a turn to the bearish side. The first target is the EMA 200 daily at 103.40. If the support is not enough, the index could continue up to 102.00.
Maybe this pullback will be short-lived, and we will see a return to the bullish side again. We will be looking at a jump from 105.00 to a new four-month high.
2 logicPrice is taking support from demand zone and taken support twice from 200ema.
Trend line breakout with retest successfully.
After trendline breakout volume spurt in daily time frame.
Bullish divergence in daily timeframe.
Fundamentals are OK.
Check Fib in weekly time frame.
NOTE: I do my analysis, do yours before trade.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
BOME Long Position (Retest of 21-day EMA)Market Context: BOME is approaching the 21-day EMA after a Market Structure Shift (MSS). We're looking for a retest of the trend to form a higher low, while sweeping liquidity at the $0.075 level. This provides a potential opportunity for entry.
Trade Setup:
Entry: $0.007 - $0.008
Take Profit:
First target: $0.012
Second target: $0.016
Third target: $0.020
Stop Loss: Daily close below $0.006
This setup seeks to capture the bounce from the higher low, capitalizing on the anticipated continuation of the uptrend. #BOME #Crypto #MarketStructure #21EMA #Trading
Understanding the Renko Bricks (Educational Article)Today we are going to study a chart which is called a Renko chart. Renko chart is a chart which is typically used to study price movement. I use Renko chart many times to determine supports and resistnace. I find it easy and accurate way of determining supports and resistances. The word Renko is derived from Japanese word renga.
Renga means brick. As you can see in the chart below it shows a kind of Brick formation. The brick size is determined wither by the user and mostly it depends of typical average movement on the stock historically.
A new brick is formed once the price moves upwards on downwards in the same proportion or ratio of the typical brick. New brick is only added post the price moves in that particular proportion. A new brick might not be added in months if the price movement is not as per the ratio. At the same time a new brick might be added in a day or few bricks in a week is price moves accordingly.
We will try to understand this concept further by looking at the chart in the post. We have used the chart of Reliance industries to understand this concept and concept only. Please do not consider this buy or sell call for the stock. As you can see in the above chart I have used a combination of RSI, EMA (50 and 200 days) and Bollinger band strategy. RSI support for Reliance is at 35.89 with current RSI at 40.13. Bollinger band suggests that support might be round the corner for the stock. The peaks from previous tops are used to find out further supports and resistances. Mid Bollinger band level and Bollinger band top level coincide with other pervious tops making them tough resistance when the price moves upwards. Mother line EMA is a resistance now and Father line EMA support is far away. All these factors indicate the support zones for the stock to be around 2736, 2657, 2601 and 2561 in the near term. Resistance for Reliance seem to be at 2814, 2972, 3006, 3048 and 3202 levels. Let me give a disclaimer again. The above data is for analysis purpose and to understand Bollinger band, RSI, effect of EMA and Renko Bricks only. Please do not trade based on the information provided here as it is just for understanding Renko charts.
Disclaimer: There is a chance of biases including confirmation bias, information bias, halo effect and anchoring bias in this write-up. Investment in stocks, derivatives and mutual funds is subject to market risk please consult your investment advisor before taking financial decisions. The data, chart or any other information provided above is for the purpose of analysis and is purely educational in nature. They are not recommendations of any kind. We will not be responsible for Profit or loss due to descision taken based on this article. The names of the stocks or index levels mentioned if any in the article are for the purpose of education and analysis only. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
The last bullish chance of BITCOIN in short-term !!BTC is attempting to break through resistance of ascending triangle pattern after bouncing off support. Wait for a decisive breakout above the ma 200 to confirm the continuation of the bullish trend . Up we go if we do breakout , also a bullish hidden Divergence (HD+) on MACD which shows Positive Signs for BTC.
The price can increase as much as the measured price movement ( AB=CD ) .
The break out needed for increasing further has not happened but it should happen pretty soon.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
Bitcoin (BTC): Slowly Starting To Look For Short!Bitcoin on a daily timeframe has fully secured the EMAs as of now and now price is testing that smaller rejection zone.
So far our gameplan remains the same and we are looking for a full switch of trends, which would result only after seeing some kind of strong rejection from the current zone or upper resistance zone so we keep an eye on candle movements to catch any possible confident move!
Swallow Team
BTCUSDT RSI EMA VWMA Signals with Profit Target for CryptohopperThis strategy combines the Relative Strength Index (RSI), Exponential Moving Average (EMA), and Volume Weighted Moving Average (VWMA) to create buy and sell signals, along with a profit target, for cryptocurrency trading. It is specifically designed for use with Cryptohopper through webhook alerts.
How It Works:
Buy Signal: A buy signal is triggered when the RSI crosses above the lower threshold (user-defined) and the 9-period EMA is above the 20-period VWMA.
Sell Signal: A sell signal is triggered when the RSI crosses below the upper threshold (user-defined).
Profit Target: Once a position is opened, the strategy sets a profit target based on the user-defined percentage. When the target is reached, the position is closed.
Indicators Used:
RSI (Relative Strength Index): A momentum oscillator measuring the speed and change of price movements.
EMA (Exponential Moving Average - 9 period): A moving average that gives more weight to recent price data.
VWMA (Volume Weighted Moving Average - 20 period): A moving average that takes volume into account, giving more weight to periods with higher trading volume.
Features:
Generates buy and sell signals based on RSI and moving average conditions.
Allows users to set a profit target percentage for each trade.
Alerts can be sent via webhooks to integrate with platforms like Cryptohopper to automate trading.
Alerts are provided for buy, sell, and when the profit target is reached.
How to Set Up Alerts for Webhooks:
Apply this script to your TradingView chart.
Set up alerts for the buy and sell conditions.
Enter your Cryptohopper webhook URL in the alert configuration to automate trade execution.
Disclaimer:
This strategy is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies involves a high level of risk, and users should do their own research or consult a financial advisor before making any investment decisions.
SPY regains but still in bearish zoneSPY bounces back after Friday sell off, still inside downward trend
comparing against 1h and 2h timeframe we see that ema remains below sma for both
This also holds true for RSI between 1 and 2h. RSI remains remains below sma
stock remains inside the downward trend after bounce back
SPY still shows signs of bearishness and more selling to come. Not looking like we are out of the woods yet.
SPY holds steady while QQQ sells offDuring the past week, SPY and QQQ have diverged in their paths
QQQ slowly and steadily sold off
SPY traded flat during that time
This indicates that the sell off in QQQ was primarily tech driven and did not spread to the rest of the industries
other industries look to be holding stable
QQQ shows a reversal is nearQQQ experienced a number of turning points showing increased weakness in the sell off we have been seeing over the past week.
False breakout to the upside
Strong growth in volume confirming the breakout direction
Hammer candle on close indicating reversal maybe coming after later day retracement
RSI breaks above SMA line for first time
This change in direction we have seen today with a new interest from the bulls shows that ever selling we experience going forward will likely be tested by the bulls again.
For trend traders I would recommend sitting on the side lines until we see a stronger trend form either to the up or down side. This current down trend is showing weakness.
BTC 1D OUTLOOKBitcoin is in a tricky place right now. The fear and greed index has cooled off massively and now sits at a neutral score of 55. General sentiment is very poor and after nearly 2 months of sideways action traders/investors are getting restless especially after the promise of price rally post-halving, but is there any positive news?
The chart is pretty clear, HTF is bullish, still above the 1D 200EMA but LTF is bearish. BTC has clearly broken its uptrend and is now in a bearish trend channel, although there has been a breakout attempt, for now it seems to be a fakeout. For me this leaves 2 scenarios;
- Trigger 1 is a breakout trade where confirmation is needed to avoid another fakeout, this includes making a higher high after a new lower high and therefor confirming a new bullish structure after breaking out of the bearish channel.
- Trigger 2 is more of a bearish scenario but one I believe would be better in the long run. There is a large inefficiency area between 52K-56.5K, price seeks to fill these fair value gaps and as long as that area is left unfilled it will always attract price to it, now this could be filled at anytime in BTC's lifespan but it would make the most sense to do it now rather than after price has another huge rally as the risk of a complete capitulation move down to fill this area would grow. Another reason I believe it makes the most sense is that the 1D 200 EMA is at the bullish OB+ level, in a Bullrun this level is a great point to enter longs as it provides strong support. Adding all these layers of confluence suggests this bullish OB+ area should it provide a positive reaction, would be a good area to enter longs which also would mean the altcoin market would also see a positive move as it is currently massively oversold and would bring traders to be more risk on.
The halving so far has not brought the desired bullish narrative that a lot of people expected but it would never going to be a reason for Bitcoins price to suddenly move up, it's one that will gradually have an impact as the supply shock has a lasting effect on miners and institutional investors.
Patience is key in this game, I believe that this quarter will remain a choppy frustrating one as BTC cools off after a year long rally and gets ready for the next leg up. Making sure that the portfolio is a strong as it can be for the next leg of the Bullrun is key and capital preservation is number 1. Trading because of boredom can be very costly. Stick to your plan as best you can to avoid any mistakes.
EOS (EOS): Looking For Rejection And Movement To Lower ZonesEOS is looking sweet after forming 2 double bottom zones and getting rejected by that neckline/resistance zone, which now has pushed the price back to lower zones.
We are looking for steady and steep pressure from sellers from now on, which would result in a movement to the zone of liquidity and a break of that zone there as well!
Swallow Team
TOTAL2 - Looking at the RSI I expect a continuation pattern on the Weekly RSI with the circle being the comparable point in the bull run.
The RSI shows a large W pattern and we are experiencing the bullish right arm of the W
I think we are bullish until next year easily
This is the altcoin market cap
Copper Rises to 2+ Year Highs on Improving Supply-Demand OutlookCopper prices have rallied more than 20% this year as the market is tightening, moving above 4.800 for the first time in more than two years. Improving supply-demand dynamics can drive further gains, with the March 2022 record peak now in the spotlight (5.041).
Concerns around output are high, as key miners expect lower production this year. At the same time, demand optimism is on the rise, with the AI-driven recovery of the chip industry and the clean energy transition to support usage of the non-ferrous metal.
On the other hand, production is still likely to grow this year and there are uncertainties around demand. A key source is China, due to its uneven post-pandemic recovery and the ailing real estate sector.
Furthermore, the RSI points to overbought conditions and has not followed the price higher today, creating scope for a pullback. However, a strong catalyst would be needed to challenge the EMA200 (black line) and the bullish momentum.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
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Past Performance is not an indicator of future results.
RSI on the Chart?If you like RSI, you probably dislike that it takes up so much space on your screen - especially if your mobile. This solution provides the RSI in an authentic manner without sacrificing screen space. You might even be able to spot additional confluence types using this indicator. Soon enough I will have it spitting out all of my divergence signals. (I have 18 different divergences (9 buy, 9 sell) that I can spot and profit from)
Just search the indicators for EMARSI on Chart! Let me know what you think.
CRYPTOHOPPER WEBHOOK PEPEUSDT 45MIN RSI WITH CONDITIONS STRATEGYRSI Strategy with EMA and VWMA Conditions
Objective
This trading strategy leverages the Relative Strength Index (RSI) in combination with the Exponential Moving Average (EMA) and the Volume Weighted Moving Average (VWMA) to identify potential buy and sell signals for trading cryptocurrencies on the Cryptohopper platform.
How it works:
Buy Signal: A buy signal is generated when the RSI crosses above the user-defined lower threshold and the EMA (9) is above the VWMA (20).
Sell Signal: A sell signal is generated when the RSI crosses below the user-defined upper threshold.
Indicators Used:
RSI: A momentum oscillator that measures the speed and change of price movements.
EMA (9 period): A moving average that places a greater weight and significance on the most recent data points.
VWMA (20 period): An average that also accounts for volume, giving more weight to periods with higher volume.
How to Set Up Alerts for Webhooks:
To create alerts that can be sent as webhooks to Cryptohopper, follow these steps:
Apply the script to your TradingView chart.
Click on the 'Alerts' icon on the right-hand side toolbar.
Choose the script from the dropdown in the 'Condition' field.
You will see two options: "Buy Alert for Webhooks" and "Sell Alert for Webhooks".
Select the desired alert condition.
In the 'Options' section, set the alert action to 'Webhook URL'.
Enter your Cryptohopper webhook URL into the 'Webhook URL' field.
Configure the alert message according to the format required by Cryptohopper.
Save the alert.
How Alerts Are Generated:
The script will continuously monitor the chart based on the conditions you've set.
When a condition for either a buy or sell signal is met, TradingView will trigger the alert.
If set up for a webhook, TradingView will send an HTTP request to the specified webhook URL with the message payload.
Disclaimer:
This script is for educational purposes and should not be taken as financial advice. Trading cryptocurrencies carries a high level of risk, and you should do your own research or consult a financial advisor before making any investment decisions.
AXS Analysis: Symmetrical Triangle Breakout and Market IndicatorThis analysis examines the recent price action of BINANCE:AXSUSDT AXS, focusing on the symmetrical triangle pattern and its potential breakout scenarios.
📉🔺Parabolic Move and Symmetrical Triangle:
AXS experienced a parabolic price surge and subsequently entered a symmetrical triangle pattern.
This pattern indicates a period of consolidation and uncertainty before a potential breakout.
🔽Breakout Scenarios:
A breakout from the triangle could lead to two main scenarios:
1. Upward Breakout: A breakout above the triangle's upper resistance could signal a continuation of the upward trend.
2. Downward Breakout: A breakout below the triangle's lower support could indicate a bearish reversal and a downward movement.
📊🔺Market Indicators and Considerations:
The direction of Bitcoin dominance and the Total Crypto Market Cap (TMC) index can influence AXS's price action.
In the 4-hour timeframe, the 50 EMA is acting as a support level, potentially affecting price movement.
⛔Additional Considerations:
False breakouts are possible, and traders should exercise caution and rely on confirmation indicators.
Analyzing other technical indicators and market sentiment can help refine trade entry and exit strategies.
🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
XVS Cryptocurrency Analysis: Uptrend Continuation or Correction This analysis examines the current state of the XVS cryptocurrency and assesses its potential future direction.
Technical Analysis:
Battling Weekly Resistance: XVS is facing a significant hurdle at the weekly resistance level, which could determine the course of its future trend.
Escaping the Accumulation Box: The recent breakout from the daily accumulation box marked a notable 80% surge.
Insufficient Rest Calls for Correction: The current uptrend lacks sufficient retracement, which is typically necessary for sustained upward momentum.
Key Support and Resistance Levels:
Support: The blue trendline support acts as a critical barrier, with a breach potentially leading to a retracement towards the previous weekly resistance.
Resistance: The next weekly resistance level presents a significant obstacle for further upward movement.
RSI Indicator:
Overbought Territory: The RSI indicator is approaching the overbought zone, suggesting a potential correction.
Momentum Confirmation: A break above the overbought threshold could signal strong upward momentum.
Lower Timeframe Analysis:
4-Hour Timeframe: A more detailed analysis on the 4-hour timeframe provides a clearer picture of the current price action and potential support and resistance levels.
Conclusion:
The XVS cryptocurrency is at a critical juncture, with the outcome of the battle at the weekly resistance level determining its future direction. A correction is likely before further upward movement can occur. but considering decreasing the volume the out come might be different.
This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
Shiba Inu Technical Analysis: Consolidation or Breakout?Current Situation:
Shiba Inu has entered an accumulation zone, indicating a period of consolidation where buyers and sellers are reaching an equilibrium.
Despite facing resistance just above this zone, Shiba has managed to regain some of its strength.
The price is currently hovering around its 10-day moving average, a key technical indicator.
Potential Moves:
Breaking above the Trendline (TT Line): This could lead to a downward channel breakout, potentially lowering the price range. ⬇️
Breaking above the MACD Signal Line (Green Line): This could signal a bullish breakout, leading to a potential price increase. ⬆️
Breaking below the RSI Support Line (Blue Line): This could indicate a loss of momentum, potentially leading to a price decline. ⬇️
Additional Observations:
Rising Trading Volume: The recent increase in trading volume suggests heightened volatility in the near future.
Potential for Uptrend: Based on the rising volume, there's a chance for Shiba to climb toward the next weekly resistance level if it moves.
Overall:
From a technical analysis standpoint, Shiba Inu is currently in a consolidation phase. The direction of the price will depend on whether it breaks above or below key technical levels like the TT Line, MACD Signal Line, and RSI Support Line. The increased trading volume suggests a potential for significant price movement in the coming days.
This analysis is for informational purposes only and should not be considered investment advice. Please conduct your own due diligence before making any investment decisions
Beating the S&P500 (SPX) Buy&Hold strategy by 16 timesS&P500 (SPX) strategy using Stochastic RSI Min-Max, normalized Volatility and Trailing Stop signals, beats the Buy&Hold strategy by 16 times
Embarking on the quest to time the market accurately, the 'Holy Grail' of strategies, led me to create a script to approach this goal. Unlike other strategies that I tested, this one not only surpasses the long-term S&P500 Buy&Hold approach but does so by a remarkable 16.38 times!
Initially, I employed an A.I. program based on an LSTM Neural Network using TensorFlow. Despite achieving a 55% next-day prediction accuracy for short/long positions, I sought improvement using a heuristic pine-scripting approach, incorporating stochastic RSI oscillators, moving averages, and volatility signals.
With default parameters, this strategy, freely available as "XPloRR S&P500 Stock Market Crash Detection Strategy v2" delivered a staggering 2,663,001% profit since February 1871. In the same period, the Buy&Hold strategy "only" generated 162,599% profit. Picture this: a $1,000 investment in 1871 would now be worth $26,630,014 by February 2024. Check it out for yourself loading this strategy.
The script operates as a Stochastic RSI Min-Max script, automatically generating buy and sell alerts on the S&P500 SPX. What sets it apart? The strategy detects "corrections," minimizes losses using Trailing Stop and Moving Average parameters, and strategically re-enters the market after detecting bottoms using tuned Stochastic RSI signals and normalized Volatility thresholds.
Tailor its parameters to your preference, use it for strategic exits and entries, or stick to the Buy&Hold strategy and start new buy trades at regular intervals using buy signals only. In the pursuit of minimizing losses, the script has learned the effectiveness of a 9% trailing stop on trades. As you can clearly see on the upper graph (revolving around 100), the average overall green surfaces (profits) of all trades are much bigger than the average red surfaces (losses). This follows Warren Buffets first rule of trading to "Never lose money" and thus minimizing losses.
Update: Advanced S&P500 Stochastic RSI Min-Max Buy/Sell Alert Generator
I have also created an Alerter script based on the same engine as this script, which auto-generates buy and sell alert signals (via e-mail, in-app push-notifications, pop-ups etc.).
The script is currently fine-tuned for the S&P500 SPX tracker, but parameters can be fine-tuned upon request for other trackers or stocks.
If you are interested in this alerter-version script or fine-tuning other trackers, please drop me a message or mail xplorr at live dot com.
How to use this Strategy?
Select the SPX (S&P500) graph and set the value to "Day" values (top) and set "Auto Fit Data To Screen" (bottom-right).
Select in the Indicators the "XPloRR S&P500 Stock Market Crash Detection Strategy v2" script and set "Auto Fit Data To Screen" (bottom-right)
Look in the strategy tester overview to optimize the values "Percent Profitable" and "Net Profit" (using the strategy settings icon, you can increase/decrease the parameters).
How to interpret the graphical information?
In the SPX graph, you will see the Buy(Blue) and Sell(Purple) labels created by the strategy.
The green/red graph below shows the accumulated profit/loss in % of to the initial buy value of the trade (it revolves around 100%, 110 means 10% profit, 95 means 5% loss)
The small purple blocks indicate out-of-trade periods
The green graph below the zero line is the stochastic RSI buy signal. You can set a threshold (green horizontal line). The vertical green lines show minima below that threshold and indicate possible buy signals.
The blue graph above the zero line is the normalized volatility signal. You can set a threshold (blue horizontal line) affecting buy signals.
The red graph above the zero line is the slower stochastic RSI sell signal. You can set a threshold (red horizontal line). The red areas indicate values above that threshold.
However real exits are triggered if close values are crossing below the trailing stop value or optionally when the fast moving average crosses under the slow one. The red areas above the threshold are rather indicative to show that the SPX is expensive and not ideal to enter. Please note that in bullish periods the red line and areas can stay at a permanent high value, so it is not ideal to use as a strict sell signal. However, when it drops below zero and the green vertical lines appear, these are strong buy signals together with a high volatility.
These Parameters can be changed
Buy Stochastic Lookback
Buy Stochastic Smoother
Buy Threshold
Buy Only After Fall
Minimum % Fall
Sell Stochastic Lookback
Sell Stochastic Smoother
Sell Threshold
Sell Only With Profit
Minimum % Profit
Use Sell MA
Fast MA Sell
Slow MA Sell
MA Sell Threshold
Use Buy Volatility
Volatility Smoother
Volatility Threshold
Use Trailing Stop
Use ATR (iso of a fixed percentage for the trailing stop)
ATR Lookback
Trailing Stop Factor(or fixed percentage if "use ATR" is false)
Trailing Stop Smoother
Important : optimizing and using these parameters is no guarantee for future winning trades!
EURUSD, AB=CD at 61% Fib, at 4H chart 200EMA & at 20 Daily EMA A potential area for a low-risk high-reward trade.
The area marked is an AB=CD move that will happen above a prior high which means stops might be taken which will provide ample liquidity for a move down.
Additional confluence - this happens at the 61% Fib retracement level, and also the 200EMA of the 4-Hour Chart. Overall the price is at the 20 Daily EMA area so hope for a bounce from there.
One option is to enter at the level with a Stop Loss based on the ATR. I am mindful that the 78% retracement is also great for a short, but we might miss the move. Another option is to wait for some price action confirmation in the form of a good entry bar, but it will require a bigger stop loss.
Algorand(ALGO): Good Time To Buy?Algorand seems to be having a pretty decent bounce from the daily 200EMA, which can be a start to a good potential upward movement here.
We are looking for those upper target zones as long as we are above 200 EMA; upon breaking the 200 EMA, we will most likely see a sharp movement to the lower zones!
Swallow Team