20 SMA - Blue
200 SMA - Pink
What I See Today:
1) Staunch Bullish Tweezer Formed - [Rising Channel/Trend holding]
2) While 20 SMA is applying pressure, price could stay range bound.
3) If pressure persists demand could lose its footing.
3) 20 SMA has to "Catch" & "Hold" price to confirm bullish reversal.
4) A price "Range" breakout will offer a clear direction.
200 SMA - Pink
What I See Today:
1) Staunch Bullish Tweezer Formed - [Rising Channel/Trend holding]
2) While 20 SMA is applying pressure, price could stay range bound.
3) If pressure persists demand could lose its footing.
3) 20 SMA has to "Catch" & "Hold" price to confirm bullish reversal.
4) A price "Range" breakout will offer a clear direction.
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.
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.