There are macd and ao bottom deviations in the 2-4h level. This mode of bottom deviation usually requires around 24 k lines, currently only 6. It is expected to reach the top of the cycle of this level next Thursday, and the effective upper fractal is broken in the 2h level. The red horizontal line indicates that the bottom deviation is true, and the price stabilizes above the crocodile line for 4h.
But the 1h level AO green bar is already quite long and needs to be recalled; And the AC has turned red, which further proves the need for a callback.
The price is above the crocodile line and there is no top deviation within 1 hour, so the AC and AO within 1 hour are a correction rather than a reversal, and the time period is also insufficient.
The target can be set in the purple resistance band, which is also a multiple support position on the left side. You can consider entering at the white horizontal line, which is also the position for multiple resistance supports on the left side. Stop loss can consider one-third of the profit or the lowest point near the left side.
The above forms a complete logical chain, and you can try to call back and go long.
But the 1h level AO green bar is already quite long and needs to be recalled; And the AC has turned red, which further proves the need for a callback.
The price is above the crocodile line and there is no top deviation within 1 hour, so the AC and AO within 1 hour are a correction rather than a reversal, and the time period is also insufficient.
The target can be set in the purple resistance band, which is also a multiple support position on the left side. You can consider entering at the white horizontal line, which is also the position for multiple resistance supports on the left side. Stop loss can consider one-third of the profit or the lowest point near the left side.
The above forms a complete logical chain, and you can try to call back and go long.