1) Sitting at a previous structure/ demand
2) Price formed a falling wedge with the target above at the resistance which also a supply level on smaller timeframes
3)target is a 38.2 percent fib retracement level
4)Sitting ideally between the two trendlines that we are targetting
5) heavily oversold on stoch.
2) Price formed a falling wedge with the target above at the resistance which also a supply level on smaller timeframes
3)target is a 38.2 percent fib retracement level
4)Sitting ideally between the two trendlines that we are targetting
5) heavily oversold on stoch.