Symmetrical triangle on play, with a good bullish set up:
1.- CMF oscillator crossed zero line with strength, which is a bullish indicator.
2.- ADX-DI trendy bullish, so we need to look at RSI
3.- RSI growing and supported on 50 line.
4.- EMA 21 beaten again, attacking 55EMA (which was a good resistance on previous peaks).
5.- Our loved MACD signal crossed zero line bullish, which "confirms" with ADX that we are in a bullish trend.
Resistance are going to be:
- Resistance trendline from triangle.
- Previous peak at 400
- S/R at 500
Our support is trendline from triangle. It's possible to go to 4H to choose the best entry.
1.- CMF oscillator crossed zero line with strength, which is a bullish indicator.
2.- ADX-DI trendy bullish, so we need to look at RSI
3.- RSI growing and supported on 50 line.
4.- EMA 21 beaten again, attacking 55EMA (which was a good resistance on previous peaks).
5.- Our loved MACD signal crossed zero line bullish, which "confirms" with ADX that we are in a bullish trend.
Resistance are going to be:
- Resistance trendline from triangle.
- Previous peak at 400
- S/R at 500
Our support is trendline from triangle. It's possible to go to 4H to choose the best entry.