If we hold this level, this trendline is definitely starting to look interesting and a part of the market geometry. We have a significant bull div on the 4hr as well.
$130-145 area coinciding with pitchfork median line, algo target confluence, major lows of 2017 and an oversold weekly rsi (will be at those levels).
Number of reasons why this is a good place to bottom: - VPVR point-of-control from 2017 onwards after a long period of consolidation in 2017 around $300 - Larger WXYXZ correction - 0.618 length of W projected off 2nd X is around $305 - Smaller WXYXZ correction as part of Z - 0.618 length of W projected off 2nd X is around $305 (this leg channels nicely) - Fib...