Trend Reversal Structure: Price broke out of a descending trendline after sweeping prior lows (liquidity grab), indicating a possible bullish reversal setup.
Point of Control (POC): Price is currently retesting the POC area (high-volume node), aligning with the trendline and prior support — a potential bounce zone.
RSI Divergence: Bullish RSI divergence marked near the sweep confirms the loss of bearish momentum, strengthening the case for upward continuation.
Point of Control (POC): Price is currently retesting the POC area (high-volume node), aligning with the trendline and prior support — a potential bounce zone.
RSI Divergence: Bullish RSI divergence marked near the sweep confirms the loss of bearish momentum, strengthening the case for upward continuation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.