XNO looks ready for a new bullish wave. bullish divergence playing out and recover the daily support (orange line) is the key to keep momentum higher.
Retest yellow box to enter and wait the 50% to complete next weeks
Increase in volume (which is paramount to have a decent size move to any direction) and major Support/Resistance level (orange line) touched on daily time frame (demand zone).
We can buy yellow area according to demand > trading volume > hence previous Price Action.
It looks like the point of interest on lower timeframes
Retest yellow box to enter and wait the 50% to complete next weeks
Increase in volume (which is paramount to have a decent size move to any direction) and major Support/Resistance level (orange line) touched on daily time frame (demand zone).
We can buy yellow area according to demand > trading volume > hence previous Price Action.
It looks like the point of interest on lower timeframes
