Looking at our trend timeframe we see price continuing to respect behavior with no signs of reversal. Support found at 1000 price now looking to test resistance 1500. Stochastic RSI showing momentum in favor of bulls, will watch smaller timeframe for entry.
Shifting over to our pattern timeframe we see price respecting it’s consolidation zone from 1000 to 1100. Stochastic RSI showing momentum is in favor of the bulls, however we are seeing a shift in momentum. A daily close above 1100 activates our trade, a daily close below 1000 and expect another sell off.
