H4 - We have a critical zone that has formed which coincides with the bottom of the channel.
Price reached the critical zone and is moving higher, potential bullish divergence.
We may now look for more bullish evidences in order to start looking for buys.
H1 - Alternatively if the price moves lower and creates one more leg down, then wait for the price to reach the critical zone again and then we may look for bullish evidences in order to join the bulls.
Price reached the critical zone and is moving higher, potential bullish divergence.
We may now look for more bullish evidences in order to start looking for buys.
H1 - Alternatively if the price moves lower and creates one more leg down, then wait for the price to reach the critical zone again and then we may look for bullish evidences in order to join the bulls.