According to the positive divergence that happened in price and RSI, if the price can close its candle above level 1, there is an expectation of price growth up to level 2 and the middle line of the pitchfork. The optimal stop for a long position is below the 93.9 level.
If the price cannot be supported above level 1, a return to level 3 is expected. The optimal stop for a sell position is above level 1.
If you are satisfied with the analysis, help us and inform your friends.
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.