Quick Rally For 3030 Has Fallen to a High volume trading area reaching the point of control that could act as a strong support, added There's also a strong Hidden Bullish Divergence on the RSI that gives great indication that we could see a rally up from this daily support lvl (42,300) back to the "trend line" break & previous structure low,(Filling the sell side imbalance -FVG)
Confluences on This Trade
- Rejecting Daily support lvl 42,266
- Rejecting Demand zone
- @ 38.2 Fib Retracement
- Hidden Bullish Divergence (RSI)
- Buy Side imbalance fill
- Daily Volume Support
Lock in with your LTF Bullish Entry Signal,
WAIT FOR YOUR CONFIRMATION AND
**RISK ACCORDINGLY
Intro to the next possible move:
After this bullish move - price could reject the Trend line and previous structure low, then continue down.
**This bullish to bearish move would give price action a "Head and shoulders ish" Pattern on a HTF.
Caution on the Bearish Sell- we have high volume right below the 41,000 bank lvl that could act as a support.
with all of that being said the one thing that gives me great hesitation on the 2nd part of this move The "Bearish Sell" is the fact that this current pull back only brought price down to the 38.2 Fib lvl, so this could just be a minor pull back for a big Bullish continuation move.
