Extremely Oversold Conditions
All momentum oscillators are beat into the ground.
At minimum, a relief bounce is likely.
Nothing is guaranteed.
A nine-hour candle close below ~25,123 invalidates this setup.
Good Luck. 🤝
At minimum, a relief bounce is likely.
Nothing is guaranteed.
A nine-hour candle close below ~25,123 invalidates this setup.
Good Luck. 🤝
Note
I didn't realize the Vix FIX / StochRSI Strategy would show up in the description. Ignore that completely. It is not part of the analysis.
Note
Another view. Trade still active.Note
Update. Still sitting in this trade. I have added to it on dips.Trade closed: target reached
Target reached. Trade closed. 🤝Note
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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.