Here are the basis on the long:
- Larger timeframes confirm divergence
- retest of previous low fail to take it out (sellers exhausted?)
- buyers are around at 500 -530 levels
- work with long and entry as overall market is bearish
- target potentially the 20 ma but also the upper channel
- Larger timeframes confirm divergence
- retest of previous low fail to take it out (sellers exhausted?)
- buyers are around at 500 -530 levels
- work with long and entry as overall market is bearish
- target potentially the 20 ma but also the upper channel