Small 2.69 RR scalp on RSI divergence and bottom of range spring
Volatility is picking up here at the second bottom where it formed RSI divergence.
Plus this is in convergence with the formation of a new horizontal line and a downward trendline. the 2 downward trendlines form a falling wedge...
A falling wedge at the bottom of a range makes it look like a spring to me.
There is also the fact that when there is 2 successive consolidations, 1 below the other, it is most likely an accumulation.
There is also a buy signal on the MFI
simple trade.
Plus this is in convergence with the formation of a new horizontal line and a downward trendline. the 2 downward trendlines form a falling wedge...
A falling wedge at the bottom of a range makes it look like a spring to me.
There is also the fact that when there is 2 successive consolidations, 1 below the other, it is most likely an accumulation.
There is also a buy signal on the MFI
simple trade.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.