Location: Within new low bottom support.
Momentum: W structure confirmed in OBV and Willy. Divergence confirmed in MACD
Structure: W structure confirmed, entry at confirmation and risk against structure low.
3 Reasons for trade:
Location: Right off 0.618 on the Fib retracement, RLZ .
Momentum: W structure confirmation in OBV and Willy
Structure: W structure trying to confirm, entry at confirmation and risk stop against the structure bottom of W.
Profit Objective is a min 2:1 R/R.