I'm bullish for reasons
1. Price is currently in the right shoulder of IH&S in 1D
2. Bullish Divergence on 4H
3. Doji in 1D before Green Candle
4. Bounced @.618 RED
5. Price holds @.5 RED support
6. Buy volume above average in 4H
7. May form C&H on 4H before breaking resistance
Buy Zone: .618 - .382 Yellow Fib.
Targets: 38% - 142% From current price.
Trend change if below .618 RED and becomes Resistance.
1. Price is currently in the right shoulder of IH&S in 1D
2. Bullish Divergence on 4H
3. Doji in 1D before Green Candle
4. Bounced @.618 RED
5. Price holds @.5 RED support
6. Buy volume above average in 4H
7. May form C&H on 4H before breaking resistance
Buy Zone: .618 - .382 Yellow Fib.
Targets: 38% - 142% From current price.
Trend change if below .618 RED and becomes Resistance.
Comment:
Price breaks down and currently below all Yellow Fibs and in between .5 and .618 RED which is a good buying area for long term.