A lot of traders will short here at the MA zone. Here are the reasons we are long right now:
We bounced at the lows, where we had previous buying support We are forming a solid W bottom on multiple timeframes Our indicator is showing very clear bullish divergence
We are publishing our charts and sharing our analysis, so traders can see the market from a unique perspective. We will be opening a web site soon, offering daily analysis plus trades we are taking/managing.
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.