Structural support leading to bullish move

2019-12-16 15:12:43

Monthly
- Respecting structure

Weekly
- Previous candlestick was Bullish Inverted Hammer.

Daily
- Trend line break out from previous leg.

4hr
- RSI is still bullish

1 Hr
- Price at strucutre
- RSI is making bullish moves
- Price at 70.7 level
- Respecting minor uptrend line.


Summary
- Will wait for nice reversal candlestick before taking a position.