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When a pattern breaks out of its touch points it is not unusual to see it revisit the broken support or resistance line before moving further. In this case we could likely see a move up to the 200EMA on the 4H and support of the rising channel now as resistance before moving down again. If we look at the RSI we have a lower low in the oscillator with a higher low in price. This pattern is sometimes referred to as a hidden bullish divergence and might be suggesting this move.
Here are the 1D demand zones
Not trade of financial advice.
When a pattern breaks out of its touch points it is not unusual to see it revisit the broken support or resistance line before moving further. In this case we could likely see a move up to the 200EMA on the 4H and support of the rising channel now as resistance before moving down again. If we look at the RSI we have a lower low in the oscillator with a higher low in price. This pattern is sometimes referred to as a hidden bullish divergence and might be suggesting this move.
Here are the 1D demand zones
Not trade of financial advice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.