A Price action to retest the slopping trend line and the red box will be an excellent risk-to-reward play for a bullish setup as it's also shown as oversold right now!
If a candle closes below the trendline, a break and trend reversal would play!
If a candle closes below the trendline, a break and trend reversal would play!
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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.