Using Fibonacci, the downtrend bounced back at the 50% using price rejection of the red candlestick with a long down wick. The green candlestick will form a bullish engulfing pattern which is a stronger confirmation of a buy rather than a piercing pattern
Using the 21, 50 and 100 moving average
The 50 above the 100 signify an uptrend
The 21 A.k.a golden retriever Has reached the wave fast. And the upward trend will touch the 21 moving which is another confirmation for a buy.
Using the 21, 50 and 100 moving average
The 50 above the 100 signify an uptrend
The 21 A.k.a golden retriever Has reached the wave fast. And the upward trend will touch the 21 moving which is another confirmation for a buy.