Perfect 88% retrace. Area of value for entry.
Note
look how it retraced exactly at the 88%. the had a bullish engulfing candle on the weekly. followed by 2 weeks of backtesting prior resistance of 19.72 area. easy entry and risk management from here. weekly time frame showing hidden bullish divergence on both oscillators as well implying higher prices from here.
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.
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.