but the timing is not exact now, the ideal entry was 3 weeks ago (3rd red arrow)
This does not mean that you can not entry, but not today, you need to wait for the next price retracement for this reason
I use the red moving average as a visual referent point and need that the price come close to the red line of the moving average
Or you can use trading oscillators and trade with your own strategy
(I not a Trader I not use a mechanical system)
This gives me more freedom for share ideas
And traders can adapt to the idea with your own strategy or setup.