Spotted potential bullish divergence with completed 5 waves down as correction from ATH.
As we all know Bullish divergence can indicate a potential reversal in a downtrend. This occurs when the price is making new lows, but a technical indicator, such as the Relative Strength Index (RSI). This divergence suggests that the bears are losing their momentum, and that the bulls may soon take control.
Based on this it worth to accumulate within the given zone.
As we all know Bullish divergence can indicate a potential reversal in a downtrend. This occurs when the price is making new lows, but a technical indicator, such as the Relative Strength Index (RSI). This divergence suggests that the bears are losing their momentum, and that the bulls may soon take control.
Based on this it worth to accumulate within the given zone.
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📢Follow the official links only! Trade smart, stay safe! 🎯
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📩 Promotion/Partnership: t.me/WESLAD
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.