Approaching 1. previous support area, check the box 2. 200 SMA 3. Fibonacci Support level 4. Main upward channel that the whole movement started from 5. Trendline on the lower side of the channel
Indicators: Oversold on the RSI with divergence
Against: Momentum is steep
Await confirmation through price action Zoom in 4 hours for timing of entry
but the expectation is 6 to 7 K area should see Bulls Stepping back in
Please trade your own taste
That is my opinion and not a trade advise
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The Fork in play
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Volumes on the 4 hourly chart are significantly higher than average
Accumulation started
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Could it be our good box, the close of the daily bar above 7k is significant
Trade ativo
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and this small tight range bar with very high volume is Scary