confluence area
Daily Chart
Approaching
1. previous support area, check the box
2. 200 SMA
3. Fibonacci Support level
4. Main upward channel that the whole movement started from
5. Trendline on the lower side of the channel
Indicators:
Oversold on the RSI with divergence
Against: Momentum is steep
Await confirmation through price action
Zoom in 4 hours for timing of entry
but the expectation is
6 to 7 K area should see Bulls Stepping back in
Please trade your own taste
That is my opinion and not a trade advise
Approaching
1. previous support area, check the box
2. 200 SMA
3. Fibonacci Support level
4. Main upward channel that the whole movement started from
5. Trendline on the lower side of the channel
Indicators:
Oversold on the RSI with divergence
Against: Momentum is steep
Await confirmation through price action
Zoom in 4 hours for timing of entry
but the expectation is
6 to 7 K area should see Bulls Stepping back in
Please trade your own taste
That is my opinion and not a trade advise
Note
The Fork in playNote
Volumes on the 4 hourly chart are significantly higher than average Accumulation started
Note
Could it be our good box, the close of the daily bar above 7k is significant Trade active
and this small tight range bar with very high volume is Scary 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.