Cases for a long position.
1. Possible Ascending Broadening Wedge Development which needs to complete final impulse wave
2. Development of new support and resistance and a recent bounce off support
3. Strong hidden bullish divergence with a higher low and an RSI lower low
Entry Zone on bounce of support
SL Zone placed slightly below previous low.
*Not financial advice*
1. Possible Ascending Broadening Wedge Development which needs to complete final impulse wave
2. Development of new support and resistance and a recent bounce off support
3. Strong hidden bullish divergence with a higher low and an RSI lower low
Entry Zone on bounce of support
SL Zone placed slightly below previous low.
*Not financial advice*