Price spiked down to reach yearly pivot last night (200 pips move with 5 minutes straight to the pivot and back).
2019 pivot remains missed, which indicates a buy from 2020 pivot.
I would look for buys from 8 monthly ema.
Price has not made a lower low on daily, hence uptrend in place.
Price is likely to form triangle squeeze btw 100 Tilson Daily MA and 8 Monthly EMA before breaking higher.
If daily candle closes below monthly floor (L4/S4) price might go down to monthly L5.
FOR EDUCATIONAL PURPOSES ONLY.
2019 pivot remains missed, which indicates a buy from 2020 pivot.
I would look for buys from 8 monthly ema.
Price has not made a lower low on daily, hence uptrend in place.
Price is likely to form triangle squeeze btw 100 Tilson Daily MA and 8 Monthly EMA before breaking higher.
If daily candle closes below monthly floor (L4/S4) price might go down to monthly L5.
FOR EDUCATIONAL PURPOSES ONLY.