Possible -Simple- Price Reversal

55
We have the following factors:
  • Descending triangle
  • Weekly -Pink horizontal line- + Daily Support Zone -Orange Rectangle-
    + Weekly timeframe is still an uptrend
  • H1 Divergence in OS RSI


WAIT FOR....
+ H4 downtrend (Green Diagonal Line) + Descending triangle breakout (blue triangle). For a more conservative entry.... Breakout + Pullback
+ Good PA confirmation.

OTHERWISE I WOULDN'T ADVICE TAKING THIS TRADE!

If all this requirements are met we could search for possible re-entries. It's a good R&R, uptrend may continue further if you'd like to trail your SL.

All comments are appreciated!

Peace!

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