We have a possible patter forming. However, target is based around the pink ratios of price 89.950-90.000. Once this target has been met we would then analyse price to distinguish if the blue Is actually in play. We can go into through explanation however, the signals are as follows:
• Oversold on the
• Price sitting on upward with Momentum in Candles.
• 200 acting as magnetic resistance in target area.
• Possible forming
We have over three signals on the weekly time frame therefore, once we drop down to the daily time frame we would look for the setups. But we would also have short setups for the shorter term trades.