Confluences for this entry:
- Clear ranging market, with price consistently respecting support and resistance areas. Can expect price to repeat this pattern and return to the upside
- Lower wick of current candle has rejected the support level for a second time, indicating buyers have stepped into the market
- Price has had 3 strong tests of this support level and should be able to hold this level further
- Clear ranging market, with price consistently respecting support and resistance areas. Can expect price to repeat this pattern and return to the upside
- Lower wick of current candle has rejected the support level for a second time, indicating buyers have stepped into the market
- Price has had 3 strong tests of this support level and should be able to hold this level further