What I see:
Bullish sentiment
- Price respecting Daily PP
- Price Respecting 50 SMA
- Price respecting Bullish TL
- Close above top of Daily Inside Bar range
- Price above 100 SMA
- Price above 200 SMA
- Daily Bullish Engulfing Candle
- Broken recent higher high
- False breakout of rising wedge
Bearish sentiment
- Price failed to stay above previous Weekly High
- Long term trade is bearish and could simply be in a correction phase
- Breakout of rising wedge
- Often if all signs are pointing up, it's a dirty trap that gets me every time :).
Bullish sentiment
- Price respecting Daily PP
- Price Respecting 50 SMA
- Price respecting Bullish TL
- Close above top of Daily Inside Bar range
- Price above 100 SMA
- Price above 200 SMA
- Daily Bullish Engulfing Candle
- Broken recent higher high
- False breakout of rising wedge
Bearish sentiment
- Price failed to stay above previous Weekly High
- Long term trade is bearish and could simply be in a correction phase
- Breakout of rising wedge
- Often if all signs are pointing up, it's a dirty trap that gets me every time :).
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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.
Related publications
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.