Multi-Confluenced Buy Area (GOOGL)

15 ก.ย.

GOOGLE’s weekly chart is STACKED with confluences. I’ll live with any loss after such a signal. For starters there’s a Jeanius Buy on the weekly. This is signal is being printed a key area with many confluence factors (listed below).

- Multi-Demand Area test that has been tested about 15 times.
- Break and Retest of a supply area
- Longterm uptrend that has been tested 4 times.
- A weekly fair value gap that has been 14.29% filled.
- Weekly break of structure and retest
- Long term and short term trend alignment
- Price has reclaimed the 50MA after previously closing below
- Weekly Larkuidity Sweep (sweeping 2 untested lows with a volume of 374.107M) … volume bar exceeded average
- Sitting within the golden zone of a weekly fib retracement
- Bounce from oversold area of RSI
- A weakness in sellers are displayed