market is in sideways trend after strong breakout at the beginning of the week. Currently a triangle formation has been formed and market price reached trend line support and buy area. I expect a fakeout to scare buyers and make them open short order just to liquidate them after that.
-RSI reached support area and has to confirm support - support is confirmed if the rsi line doesnt go under the drawn bottom line -Stochastic RSI reached heavy overselled area - expect buyers joining the market -100 day moving average crossed the 200 day moving average upwards which is bullish indicator