Daily
H4
What to do now?
- Reversal Pattern of Candlestick is formed (yellow box)
- MACD histogram shows the exhaustion of bearish momentum
- Stochastic indicators indicated the rebound at the bottom due to the golden cross under level 20
- Fail to break the 0.786 level of Fibo retracement and rebound back at the current level.
H4
- MACD histogram is formed above 0
- MACD line and Signal line golden cross at the bottom
What to do now?
- Long the market immediately or
- Please do your own proper risk management