Notice that the SMAs have reconciled to their normal uptrend position in the hourly charts.
Watch for the SMA(20) to cross under the SMA(50) as a cue for a reversal to the downside.
Look for continuation of the nascent uptrend if this pattern spreads to the 2-hour, 4-hour and daily charts.
Watch for the SMA(20) to cross under the SMA(50) as a cue for a reversal to the downside.
Look for continuation of the nascent uptrend if this pattern spreads to the 2-hour, 4-hour and daily charts.
Note
The 2-hour chart appears to have just crossed up. The 4-hour bars still have a way to go.Note
Happily, order is restored in the 1-day bar interval chart now.Note
Whoops, ignore that last update. My chart settings reset.Still watching the 4-hour bars to see if the trend continues.
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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.