Higher time frame trend support bounce Descending trend line broken. 50ma crossed above 200. RSI bullish. higher time frame .50 fib level bounce.
looking for either a pullback to support on the lower time frame fib levels & 200ma. OR A breakout above resistance followed by a re test to confirm new support.
Looking like can potentially be a great setup. Goodluck traders!
Remember. trade at your own risk. its possible to be rejected at resistance and break down out of the higher time frame trend.