Potential bullish reversal with a developing bullish divergence on both the 4-hour and daily timeframes.
The price is approaching a critical support level, which has held previously. This zone aligns with the bullish divergence, further adding to the likelihood of a bounce.
If we take trend base fib from previous peaks and bottom, we are right inside the golden pocket.
The price is approaching a critical support level, which has held previously. This zone aligns with the bullish divergence, further adding to the likelihood of a bounce.
If we take trend base fib from previous peaks and bottom, we are right inside the golden pocket.
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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.