Price action approaching .786 retracement + Bearish trendline
Oversold RSI and Stoch indicators
waiting for lower low, lower close candle to get involved in this movement
targets at retest of Bullish dotted trend line, 2nd target at re-test of previous structure low, and possible 3rd targets at 1.27 extension
If price action breaks through tend line, look for retest of structure and trend line for a position long.
Oversold RSI and Stoch indicators
waiting for lower low, lower close candle to get involved in this movement
targets at retest of Bullish dotted trend line, 2nd target at re-test of previous structure low, and possible 3rd targets at 1.27 extension
If price action breaks through tend line, look for retest of structure and trend line for a position long.