On the above 5-day chart price action has corrected 95% since a sell signal in April 2021. A number of reasons now exist to be long..
1) You know why.
2) Price action and RSI resistance breakouts.
3) Strong positive divergence between the oscillators and price action. This divergence is measured over 100 days.
4) Price action finds support on the golden ratio following the breakout.
Is it possible for price action to fall further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: <= 6%
Timeframe to open: Now - don’t hang around.
Return: no idea