The momentum indicator is below it's 14MA and the MACD has already crossed. With a cross of the 15SMA and 5EMA and a pullback to the MA's, I do believe the next move is down. I am not trading this deal as the MACD lines are just above/on the ultra bullish horizontal line which puts it outside my strategy parameters. Still, I wanted to share this idea as I thought it might be helpful.
Note
Another move up today which proves that keeping to a good strategy despite your gut feeling will save you from losses.
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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.