ACB - Showing Bearish Divergence !

17 Eki 2018

Dear Traders,

ACB had another run yesterday at the opening but as predicted a huge sell off happened. I hope you followed my advice to not enter any trades yesterday.

We can see that ACB shows us a Bearish Divergence on the weekly chart. We got higher highs, but the RSI peaks showed us lower highs. Bulls are exhausted and we are now entering a consolidation period.


Any thoughts ?

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20 Eki 2018

Not

ACB's bulls didn't manage to stay above the 100 ema resistance after many failed tries.

Let's presume that this selling pressure will stay like this, ACB will likely trace back to the 200 ema located at 11.93$

29 Eki 2018

Not

Like predicted. A huge selloff occured.