WadeCo

Key Observations:Session Analysis & Structure:HOD (High of Day) and LOD (Low of Day) are clearly marked.Tokyo session is consolidating near the LOD (2.97%), which could indicate the formation of a potential W pattern for a reversal.The New York session completed a significant bearish move after peaking at iHOD (5.03%), typical of a US session reversal.EMA & Trend Dynamics:The 10/20/50 EMAs are stacked bearishly, with price hovering below the 50 EMA.The 200 EMA is acting as a significant overhead resistance, and price needs to break and hold above it for a bullish shift​.Indicators:RSI Divergence: There are multiple bullish divergences on RSI at the LOD, which suggests weakening bearish momentum.Stochastic & MACD: Both indicators are starting to curl up from oversold levels, signaling a potential reversal.Volumes & Candlestick Patterns:PVSRA volume spikes indicate possible Market Maker activity at the LOD, which aligns with a trapped traders scenario.Look for Stopping Volume Candles (SVC) at this level to confirm a reversal​.Strategy Suggestions:Aggressive Long Entry:Enter near the LOD if you see a W formation confirmation with a stop just below the LOD (2.97%).Target: 200 EMA, followed by the HOD.Conservative Long Entry:Wait for a Break, Close, Retest (BCR) of the 50 EMA for confirmation of a bullish reversal.Target: Midway between the 50 EMA and 200 EMA.Bearish Continuation:If price breaks below the LOD with strong volume and no SVCs, look for continuation towards the next support zone around 2,550.