Enact losing volume, with price in overbought extreme level
Updated
We can see that the volume is decreasing, while price is rising, suggesting a decrease in demand.
ACT chart also show us a negative divergence, when comparing price with ROC.
The ADX is also showing a new higher peak. And as we can see in later 2023 a higher peak was made and resulted in a decreasing price; March 2024, the ADX failed to reach a new higher, and now it finally got it.
ACT chart also show us a negative divergence, when comparing price with ROC.
The ADX is also showing a new higher peak. And as we can see in later 2023 a higher peak was made and resulted in a decreasing price; March 2024, the ADX failed to reach a new higher, and now it finally got it.
Note
Overbought level
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