Key Observations from the Chart
Channel Structure -
Both resistance and support lines have been tested multiple times with precise reactions
The most recent price action shows a strong rejection at the lower channel boundary
Candlestick Formation-
This month printed a textbook strong lower wick rejection candle:
Long lower wick indicates buyers aggressively stepping in at support
RSI Confluence-
The RSI tells a compelling complementary story:
Recently retested COVID-era levels (historic oversold territory)
Has since established higher highs and higher lows (bullish structure)
Shows positive divergence with price (RSI making HHs while price tests support)
Channel Structure -
Both resistance and support lines have been tested multiple times with precise reactions
The most recent price action shows a strong rejection at the lower channel boundary
Candlestick Formation-
This month printed a textbook strong lower wick rejection candle:
Long lower wick indicates buyers aggressively stepping in at support
RSI Confluence-
The RSI tells a compelling complementary story:
Recently retested COVID-era levels (historic oversold territory)
Has since established higher highs and higher lows (bullish structure)
Shows positive divergence with price (RSI making HHs while price tests support)
🚀 Step Into My Trading Room 👇
🟡Telegram: t.me/hashtaghammer
🔴 YouTube: youtube.com/@HashtagHammer
🔍 Market Psychology
📌 Swing + Positional Ideas
🧾 PnL-Backed Education
📉 TradingView Strategy Breakdowns
🟡Telegram: t.me/hashtaghammer
🔴 YouTube: youtube.com/@HashtagHammer
🔍 Market Psychology
📌 Swing + Positional Ideas
🧾 PnL-Backed Education
📉 TradingView Strategy Breakdowns
Penerbitan berkaitan
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.
🚀 Step Into My Trading Room 👇
🟡Telegram: t.me/hashtaghammer
🔴 YouTube: youtube.com/@HashtagHammer
🔍 Market Psychology
📌 Swing + Positional Ideas
🧾 PnL-Backed Education
📉 TradingView Strategy Breakdowns
🟡Telegram: t.me/hashtaghammer
🔴 YouTube: youtube.com/@HashtagHammer
🔍 Market Psychology
📌 Swing + Positional Ideas
🧾 PnL-Backed Education
📉 TradingView Strategy Breakdowns
Penerbitan berkaitan
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.