Market tested intermediate trend support multiple times. We have bullish divergence and a possible resistance break out from the down trend that started 6/18.
For this setup:
(1) Price must break out of trend line resistance
(2) RSI continues to diverge and find support, and breaks out of resistance
(3) Duration could be 2 to 3 days in length, potentially longer or shorter depending on the price behavior
RED circle w/blue horizontal line is the entry area.
For this setup:
(1) Price must break out of trend line resistance
(2) RSI continues to diverge and find support, and breaks out of resistance
(3) Duration could be 2 to 3 days in length, potentially longer or shorter depending on the price behavior
RED circle w/blue horizontal line is the entry area.