and potential for a wider market reversal.
4h chart...50 MA has crossed the 100 MA which has in the past been a very strong buy signal. Note the sell volume on the head is less than on the left shoulder. Than it's even less on the right shoulder (assuming the lows hold). Confirmation on a break of the neckline as always (with some volume ).
4h chart...50 MA has crossed the 100 MA which has in the past been a very strong buy signal. Note the sell volume on the head is less than on the left shoulder. Than it's even less on the right shoulder (assuming the lows hold). Confirmation on a break of the neckline as always (with some volume ).
Note
Declining sell volume is a good sign...need to bounce here though. Note
Hidden bull divergence on the daily chart (Stock RSI)Note
At neckline resistance...anything is always possible but this should eventually break. To assume it won't is IMO some form of battered bull syndrome, tough to look at this objectively and not admit it's playing out beautifully. Note
1h chart showing bearish divergence on rsi...if we lose 7400 could get a nice pull back before higher. Note
Looks like a bull flag on the 2h chart Note
Note
If you took profits on the bull flag target...this test of support on the 2h seems like it might be as good a time as any to reenter. 
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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.