Bullish Butterfly is Formed
The PRZ is shown by the green rectangular area
Divergence in both RSI and Stochastic indicates a possible reversal to the up side
The breakout of the red trend line to the up side confirms the reversal of the down direction
This trade setup is invalid below the red horizontal SL line
Watch for any sign of weakness in the green rectangular area using volume spread analysis such as no supply bars with are narrow spread down bars with lowers volumes , etc...
The PRZ is shown by the green rectangular area
Divergence in both RSI and Stochastic indicates a possible reversal to the up side
The breakout of the red trend line to the up side confirms the reversal of the down direction
This trade setup is invalid below the red horizontal SL line
Watch for any sign of weakness in the green rectangular area using volume spread analysis such as no supply bars with are narrow spread down bars with lowers volumes , etc...
Trade closed: stop reached
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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.