TONE New Entry idea.

I believe there's a high probability for a bullish breakout of this falling wedge

Most indicators looks bullish:
- Histogram could flip green
- MACD trying to make a bullish crossover
- Stochastic RSI heading higher.
- RSI shows a bearish divergence on 1H Chart,
its possible that we will se a double bottom based on that idea.

On a 4H chart there is a clear hidden bullish divergence Histogram and RSI.
- Stochastic is trying to make a bullish cross
MACD dosnt show much, but it could look like its trying to curve abit, but its really to early to tell. (Lagging indicator) ​

To sum it up
TONE is gonna bounce on a retest, it might be after a double bottom.


Two entry ideas
First is to buy the S/R flip.
Second in the case of a double bottom, to enter on the breakout of the wedge

Сделка активна:

Tone is holding this support area, and indicators on 4H start to look bullish.
still waiting on volume..

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All targets hit.