Divergence has been corrected. It would be ideal open the position at the last minimum but I was waiting for the confirmation. That will be when the RSI touches the yellow dotted line. It should not break it and define the RSI trend.
The trade has a very tight stop because we are assuming the floor before it is consolidated, so is a risky spot to enter.
in the long run this would be the first wave of 5 (circle), first wave from a very small grade. Below the last minimun 7756 the analysis would be incorrect.
The trade has a very tight stop because we are assuming the floor before it is consolidated, so is a risky spot to enter.
in the long run this would be the first wave of 5 (circle), first wave from a very small grade. Below the last minimun 7756 the analysis would be incorrect.