1. Horizontal price levels are working well here.
2. Weaker than the market
3. Globally uptrend, locally downtrend
4. Price level confirmed by many touches
5. Approached with paranormal bars
6. the instrument has energy
7. Point of the trend reversal
8. Potential more than 10 to 1
Daily analysis:
- Hammer candlestick on support zone. Volume at the higher end of the spectrum.
- Both breakout volume on 14th Jan is decent.
- Not much resistance to the left
Weekly analysis:
- Very big range drop and starting to form a bottom
- Big range drop on 04th of Nov means not much resistance when going long after the range breakout
Intraday...