On both the 1D and 4H timeframes, price is still below the 200MA.
On the daily chart, it's also trading under the BB center line, the SMA, and the MLR.
However, on the 4H chart, price is now above the BB center line, SMA, and MLR — and it’s not far from triggering a long entry signal.
On the daily, we’ve seen a bounce from strong support: the 0.5 Fib level and the 200-week MA.
On the 4H, price looks ready to close above the last daily close — a promising sign.
Always take profits and manage risk.
Interaction is welcome.
On the daily chart, it's also trading under the BB center line, the SMA, and the MLR.
However, on the 4H chart, price is now above the BB center line, SMA, and MLR — and it’s not far from triggering a long entry signal.
On the daily, we’ve seen a bounce from strong support: the 0.5 Fib level and the 200-week MA.
On the 4H, price looks ready to close above the last daily close — a promising sign.
Always take profits and manage risk.
Interaction is welcome.
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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.
Related publications
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.