1) Analysis: AO (Awesome Oscillator) is expected to form a Higher Low (HL).
2) Implication: Possibility of divergence formation, particularly bullish divergence.
3) Impact: Change in structure from downtrend to uptrend.
4) Strategy: Using Fibonacci retracement to identify the best buy levels.
5) Buy Levels: Utilizing Fibonacci levels 1.236 and 1.618 as buy levels.
6) Additional note: In the plotted area, there is confluence with the trendline resistance, which now acts as support.
2) Implication: Possibility of divergence formation, particularly bullish divergence.
3) Impact: Change in structure from downtrend to uptrend.
4) Strategy: Using Fibonacci retracement to identify the best buy levels.
5) Buy Levels: Utilizing Fibonacci levels 1.236 and 1.618 as buy levels.
6) Additional note: In the plotted area, there is confluence with the trendline resistance, which now acts as support.