Price hit daily support, flat line underextended, at lower bb band. Momentum in lower moves decreasing on mid term time frames. On 15 min, we are seeing price respecting an uptrend line, had a morning star at trend line, and then a high volume impulsive bullish candle move away from trend line and above moving averages.
Stop loss: Below trend line and higher low of previous move
Take Profit: At next structural resistance level of current downtrend
Stop loss: Below trend line and higher low of previous move
Take Profit: At next structural resistance level of current downtrend
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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.