Until the 4-hour SMA(20) is broken convincingly to the upside on the 4-hour chart, we're still headed down.
But once is breaks up, look out! The rebound could give you whiplash!
But once is breaks up, look out! The rebound could give you whiplash!
Note
Trend still remains down. Small bounces, but nothing to invalidate the 4-hour SMA(20) as resistance.Note
The dangerous channel has been invalidated. Now will we move sideways or reverse into an uptrend?
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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.