Don’t be afraid of G8 — these are the setups that often deliver the highest returns with minimal risk. We may have just completed a classic spring, presenting a compelling entry opportunity.
Entry: Right now, with stop-loss tucked just below the wick of the spring.
Momentum: RSI is deeply oversold, and Stochastic RSI is also oversold with a bullish K-line cross, signaling a potential reversal.
Structure: Price has reclaimed key levels, aligning with spring mechanics and reclaim setups.
If the spring fails, keep an eye on the yearly S2 pivot at 0.840. A bullish hammer-style candle at that level would offer an even stronger setup — with enhanced reward-to-risk due to deeper liquidity and psychological support.
Entry: Right now, with stop-loss tucked just below the wick of the spring.
Momentum: RSI is deeply oversold, and Stochastic RSI is also oversold with a bullish K-line cross, signaling a potential reversal.
Structure: Price has reclaimed key levels, aligning with spring mechanics and reclaim setups.
If the spring fails, keep an eye on the yearly S2 pivot at 0.840. A bullish hammer-style candle at that level would offer an even stronger setup — with enhanced reward-to-risk due to deeper liquidity and psychological support.
Trade active
price is struggling somewhat, earnings coming up 27 august. See if we get the push up or get stopped out for the possible reentry at s2 yearly pivot if bullish candle prints on daily Time Frame Trade closed: stop reached
Stopped out with earnings, lets see if we can get a bullish daily close above the S2 pivot for a re entry 
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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.