There is a double or triple bottom forming and it has to have a retracement. This is more of a scalp play because it's going against the trend. The MACD lines are getting closer together and the bars are getting smaller.
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.