$BSW 4H CHART
HELLO ALL
We notice two things:
First:
the movement is very compatible with the RSI movement, and it bounces from the same area for the third time in a row.
Second:
EMA50 formed a very strong support line for the price and it always rebounded from it.
Now it will bounce towards the resistance line, but we are waiting for a strong momentum to break through or we will go down again.
We notice two things:
First:
the movement is very compatible with the RSI movement, and it bounces from the same area for the third time in a row.
Second:
EMA50 formed a very strong support line for the price and it always rebounded from it.
Now it will bounce towards the resistance line, but we are waiting for a strong momentum to break through or we will go down again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.