ILVUSDT.P is currently in a downtrend, forming lower lows (LLs) and lower highs (LHs). However, on the 4-hour timeframe, there is a strong bullish divergence, and the price is touching the support line. This suggests a potential reversal from the bearish trend to a bullish one. To confirm the bullish trend, we are looking for a break above the neckline and the previous LHs. Once this confirmation occurs, it may present an opportunity to take a long position and ride the upward trend.
Trade active:
ILV break the Pattern, we can take a ride on market price with SL at 70.