Strong weekly closure for last 2 weeks
Improving RSI from 51 to 65
Direction movement indicator signaling upside
Trending indicator value improving
There is 12EMA crossing upward of 50EMA
These confirmations suggest higher probability of price rising.
Buy if price stay above 430
Weekly closing basis Stop Loss = 419
Targets 460, 504 derived from Weekly Fibo ...
Direction bias I derive from RSI , DMI
Levels I plot horizontal lines by checking Swing high / Swing Low from higher time frame chart
In this chart RSI is rising with DMI+ above ADX
Momentum is not visible, but has probability to rise, in the direction given by RSI.
In 4H chart, trade is on Buy at current price OR pull back near green-dotted line...