We have confirmed Bullish Divergence when the week started. We had a Diamond top which got completed on the Daily and we see ourselves on the daily with a red TD 9 which honestly is pretty clean, not to mention the 9 is on a "level" of the previous structure which looks like a tripple bottom or... an "inverse head and shoulders... but with a long @$$ neck.."
Due to that, at this moment with these conditions make a pretty decent environment for a bounce from this current area. I don't have particular measurements for this but... you could probably eye ball the options if we bounce here looking at it from the Daily perspective timeframe.
Due to that, at this moment with these conditions make a pretty decent environment for a bounce from this current area. I don't have particular measurements for this but... you could probably eye ball the options if we bounce here looking at it from the Daily perspective timeframe.
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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.