oversold bounce

16 ธ.ค. 2020

On the daily we can see it testing the daily 55 ema and this trendline.

we can see that its is oversold on 8 hrs

And on the 4 hours

On the smaller tfs we can see what I like to call "exaggerated" divergence, not quit a regular divergence buy the higher low on the rsi is more exaggerated than price action.

So I think the RR here is quite good for a long while using the lows as a mental SL.