This was taken on a smaller time Frame that means you are scalping. You must have added some indicators to guide your process. At this point it should probably be hitting the lower Bollinger band and signal a buy. Just s guess because I only use small time Frame after analysis using big time frame and then check for entry point on small time frame.
I have heard of the bollinger band but have no idea how to use it. Do you have to pair it with a moving average? I have heard people say on this forum you need to use two indicators an oscillator and an average I think?