The price is going to bounce from 500.00 support level. RSI and a reversal candlestick pattern confirm the price reversal. In spite of MACD and DMI still confirm the downward movement, we have the 1st buy signal. It's possible to buy above the support level with profit targets at the resistance levels. Don't forget about stop orders for a case, if the price breaks the downtrend line. They can be placed below the local swing low.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.