HI,
Newbie analysis here.
As shown in the chart Bat formation.
looking to long with TP1 0.618 fib level and TP2 0.886 fib level.
Stop loss is 200 points below point x.
The trend in monthly is higher lows . currently the chart is at the trend line and waiting for entry point.
Expect to have some strong reaction from the trendline.
Showing some divergence in the RSI too.
Newbie analysis here.
As shown in the chart Bat formation.
looking to long with TP1 0.618 fib level and TP2 0.886 fib level.
Stop loss is 200 points below point x.
The trend in monthly is higher lows . currently the chart is at the trend line and waiting for entry point.
Expect to have some strong reaction from the trendline.
Showing some divergence in the RSI too.