Falling wedge. Price currently at the bottom of Bollinger Band. Stoch RSI is oversold. RSI is showing a bullish divergence. I can see two support areas. The first one is marked with orange and the second one is marked with yellow. A safe trade entry could be once the falling wedge has a breakout. I took a risky chance and already entered the trade. My SL would be if yellow support area is broken. My TP would be just slightly below 68.80% Fib level.
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.