Bullish divergence on the 15min. I just elongated the long tool, this trade is still in play. Price bounced off the 800 EMA. Falling wedge waiting to breakout. Volume declining with small yellow falling wedge break out.
Note
Price may not follow my drawing idea. Price may hit resistance and roll to the bottom of the falling wedge and potentially come back to the 800 ema for support and or close to it. 15min stochastic rsi overbought and seems a small rising wedge formed on the 5min to make price roll down a bit.Note
Price did roll as expected in my comment above and now may breakout of the wedge
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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.