Down-sloping resistance along horizontal support.
Daily hidden bullish divergence on the MACD and RSI
4hr classic bullish divergence on the MACD
At 0.618 retrace
Stop = Below horizontal support
1st Target = 0.382 extension/resistance
2nd Target = 0.618 extension/resistance
Daily hidden bullish divergence on the MACD and RSI
4hr classic bullish divergence on the MACD
At 0.618 retrace
Stop = Below horizontal support
1st Target = 0.382 extension/resistance
2nd Target = 0.618 extension/resistance
Note
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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.