A mid-term MEOH long trade.
IMHO a hammer patter meets 2 support lines: fibo ret and a 100 period EMA which is considered to be a strong support level earlier.
The sellers pressure is also doesnt look to be strong
IMHO a hammer patter meets 2 support lines: fibo ret and a 100 period EMA which is considered to be a strong support level earlier.
The sellers pressure is also doesnt look to be strong