I forgot to mention another reason to be bullish...Price and RSI breakout!
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Just a quick update:
On the log scale price action has not yet broken out but is at support. Still RSI 4H did breakout!
İşlem kapandı: durdurma seviyesi
As some of my ideas/opinions that would have lead to a reversal did not materialize, I would have a stop loss here. In case some bullish pattern develops, you can reenter later. The pattern can be a double bottom or something else. I would still wait for the market to show it's hand here.
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I might have called for a stop-loss too soon! :)
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No new low was created...therefore...double bottom might be possible.
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