VIAQUANT

VIAQUANT

After finding support at our 1D trendline, we have also found support at our downwards sloping support on the 4H. This has created a bullish divergence with lower lows in price action and higher lows on the RSI as labeled in the chart (Green Arrows)

VIAQUANT

As long as we hold the 1D candle bodies on this trend line, we could see a move back to the upside.