It's so simple! (kidding, kidding) As one can see, GOOG is bumping up against an area where it's had a difficult time breaking trough, thereby offering a sell signal. However, notice that support has been rising for some time despite GOOG's inability to break through historical resistance. Sell for now and wait for the pair to come into support before resuming long. Sooner or later, it will break through resistance.
Seeing a lot of this around the neighborhood. Gives much credence to those looking for a 10% to 15% pullback, imo. It's not the end of the world, just something that needs to happen if we are to indeed head higher.
Seeing a lot of this around the neighborhood. Gives much credence to those looking for a 10% to 15% pullback, imo. It's not the end of the world, just something that needs to happen if we are to indeed head higher.
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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.