Scalping opportunity inside a High Volatility Area
Although the price just bounced off a 1D support (1,304) and the long term bias of the 2018 Rectangle (1,303 - 1,370) show that a bullish rebound near 1,360 is more likely on the medium term, there significant chances of consolidation currently within 1,315 - 1,326. Indicators in support of this argument:
1H: RSI: 50.412, ADX: 22.886, CCI: 36.9809, Highs/Lows: 0.000
4H: STOCHRSI: 46.254, Highs/Lows: 0.0000, Ultimate Oscillator: 50.739
1D: RSI: 48.009
1H: RSI: 50.412, ADX: 22.886, CCI: 36.9809, Highs/Lows: 0.000
4H: STOCHRSI: 46.254, Highs/Lows: 0.0000, Ultimate Oscillator: 50.739
1D: RSI: 48.009
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