Sep. 17 at 11:11 PM
$CLX | Technical & Oversold RSI Overview 📊
• Market Structure: 8H chart shows price forming a Higher Low (HL) at
$85.00 demand. Blue arrows highlight previous oversold RSI extremes that resulted in strong upside expansion moves.
• Tactical Outlook: Reclaiming
$88.80 triggers the pattern confirmation, clearing space to fill the volume gap toward
$93.00 and ultimate overhead resistance at
$104.00. Maintaining support above
$83.76 keeps the bullish reversal thesis intact.
Key Levels for Bulls & Bears:
• Bull Reclaim Trigger:
$88.80 /
$93.00
• Bullish Macro Targets:
$98.50 /
$104.00
• Key Support Pivot:
$85.00
• Bearish Invalidation Level:
$83.76 /
$80.00
Technical Confluence:
• RSI oversold signals matching prior macro pivot lows.
• Volume Profile showing thick buying node at
$85.00–
$86.00.
#CLX #optionsflow #stocktrading #technicalanalysis #hovdid
