Anywhich way but down.
I publish these for my own journal. I am very new to TA and may not use things how they are intended for. I am not claiming to be a professional, this is not investment advice. If you have similar or opposing ideas please feel free to share with me as I am open to positive criticism. Thank you.
I see 2 possible scenarios here.
#1 price continues to follow the yellow rounded bottom bouncing between the top and bottom trend arcs.
#2 price looks to be getting squeezed on the Stoch's and the RSI trend line. The MA's are also flattening and may act as a support for a bounce, causing a possible breakout as price hits the dotted yellow arc
I see 2 possible scenarios here.
#1 price continues to follow the yellow rounded bottom bouncing between the top and bottom trend arcs.
#2 price looks to be getting squeezed on the Stoch's and the RSI trend line. The MA's are also flattening and may act as a support for a bounce, causing a possible breakout as price hits the dotted yellow arc
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.