Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish
The market is on a crucial zone of demand 2,658.744.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,675.908 level.
P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!