$POWR, New Beginnings…
Weekly
Lookin at our trend timeframe we see price continuing to respect our downtrend, stochastic rsi showing momentum in favor of bears. Will be watching smaller timeframe for entry, possible lower low ahead.
Daily
Shifting over to our pattern timeframe we see price has found support at 2400, and is now testing our dynamic resistance. Stochastic RSI showing momentum in favor of bears, a rejection from this level and expect our price to sell off towards 2100. A daily close above 2600 activates our trade.
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