Here is why;
Weekly;
Daily;
4 Hour;
Weekly;
- Price went below 40,000 and never retested the region.
- Hence, a retest is due.
Daily;
- There is a bullish formation of a higher high that has been formed in the last 3 days.
- The target for the daily timeframe is 39,750.
4 Hour;
- This is the time zone I am looking for my entry level.
- For now, I believe that the best place to enter longs are at 39,350, however, I am waiting for price to show me better confluences before I enter the market
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