Thought it would be rude not to post this possible setup.
As you can see , price has been in this range for a long time, RSI & Stoch are over sold so there's a high probability that we could see a climb.
Both EMA's 50/200 are also running straight through the center of this range which also indicates to me that this range could hold a little while longer.
If price breaks the lower line of the box, then I will be looking for a retest of the range box & a momentum candle down for my entry.
Good luck & have a splennnndid weekend :)
As you can see , price has been in this range for a long time, RSI & Stoch are over sold so there's a high probability that we could see a climb.
Both EMA's 50/200 are also running straight through the center of this range which also indicates to me that this range could hold a little while longer.
If price breaks the lower line of the box, then I will be looking for a retest of the range box & a momentum candle down for my entry.
Good luck & have a splennnndid weekend :)
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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.